$$\begin{array}{l}
\begin{array} { | c | c | }
\hline \text { Good } & \begin{array} { c }
\text { Price Increase since } \
\text { Last Year }
\end{array} \
\hline \text { Amusement park tickets } & 5.0 \% \
\hline \text { Bowling balls } & 4.2 \% \
\hline \text { Camouflage neckties } & 3.1 \% \
\hline
\end{array}\
\text { Table } 8.1
\end{array}$$ Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,which good(s)experienced a relative price increase?
A) Amusement park tickets only.
B) Amusement park tickets and bowling balls.
C) Camouflage neckties only.
D) All three goods experienced relative price increases.

Question

$$\begin{array}{l}
\begin{array} { | c | c | } 
\hline \text { Good } & \begin{array} { c } 
\text { Price Increase since } \
\text { Last Year }
\end{array} \
\hline \text { Amusement park tickets } & 5.0 \% \
\hline \text { Bowling balls } & 4.2 \% \
\hline \text { Camouflage neckties } & 3.1 \% \
\hline
\end{array}\
\text { Table } 8.1
\end{array}$$ Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,which good(s)experienced a relative price increase?
A) Amusement park tickets only.
B) Amusement park tickets and bowling balls.
C) Camouflage neckties only.
D) All three goods experienced relative price increases.

Quizplus · Accepted Answer

Amusement park tickets and bowling balls experienced price increases greater than the overall inflation rate of 3.5%, indicating a relative price increase.