1. If the nominal price of hockey tickets has increased from $100 to $150 and the consumer price index has risen from 160 to 200, then the real ticket prices have increased:
a) 50%.
b) 40%.
c) 30%.
d) 20%.
a) 50%.
b) 40%.
c) 30%.
d) 20%.
Hi. Any help will be appreciated. Thanks
