Multiple Choice

2012 2013
-In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the inflation rate in 2013?
A) 69 percent
B) zero
C) 31 percent
D) 2 percent
Correct Answer:
Verified
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