Use the table below to answer the following questions.
Table 3.1.1
-Refer to Table 3.1.1.In 2016,the relative price of coffee in terms of cola is
A)1.25.
B)1.00.
C)0.80.
D)2.50.
E)2.00.

Question

Use the table below to answer the following questions.
Table 3.1.1 
-Refer to Table 3.1.1.In 2016,the relative price of coffee in terms of cola is
A)1.25. 
B)1.00. 
C)0.80. 
D)2.50. 
E)2.00.

Quizplus · Accepted Answer

In 2016, the price of coffee was $2.50 and the price of cola was $2.00. So, the relative price of coffee in terms of cola is 2.50/2.00 = 1.25.

Use the Table Below to Answer the Following Questions