Exhibit 19-3

question 90

Multiple Choice

Exhibit 19-3.Consider the following information about the price and the price index of a popular book over three years. Refer to Exhibit 19-3.If the price index in 2011 was 95 instead of 111.11,it would imply that:

• A)the price of the book in 2011 was 16.11% lower than its price in 2009.
• B)2011 would be considered as the base year.
• C)the price of the book in 2011 was 5% lower than its price in 2009.
• D)the price of the book in 2011 would be $4.

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