During 1990,a Hershey Candy Bar Cost

question 111

Multiple Choice

During 1990,a Hershey candy bar cost $.85.By 2007,the same Hershey candy bar cost $1.25.If the CPI was 130.7 in 1990 and 180.5 in 2007,the price of the 1990 Hershey candy bar in 2007 prices is

• A)greater than the price of the 2007 Hershey candy bar.
• B)less than the price of the 2007 Hershey candy bar.
• C)equivalent to the price of the 2007 Hershey candy bar.
• D)perhaps greater than,perhaps less,or perhaps the same depending on whether the CPI in 2007 has been adjusted to reflect 2007 prices.
• E)not able to be determined given the information in the question.