This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price of a new textbook increased from 60 to 75 in one year, while the price of a used textbook ... (Read 106 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
The price of a new textbook increased from 60 to 75 in one year, while the price of a used textbook increased by 25 percent. What happened to the relative price of a used textbook?
 
  A) It increased by 25 percent.
  B) It increased by 10 percent.
  C) It remained constant.
  D) It can't be determined without knowing the nominal price of the used textbook in at least one of the years.

Question 2

The price system
 
  A) is the voluntary exchange system used in the United States.
  B) is old fashioned and is no longer used.
  C) is used only in countries that are developing.
  D) is used to set resource prices only.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


khang

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Gracias!

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Increased exposure to cupric oxide bulk particles (BPs) and nanoparticles (NPs) by radish plants Increased exposure to cupric oxide bulk particles (BPs) and nanoparticles (NPs) by radish plants
Increased risk of trisomy with maternal age. Increased risk of trisomy with maternal age.
On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen- On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen-
Increased amounts of "screen time" are contributing to decreased amounts of physical ... Increased amounts of "screen time" are contributing to decreased amounts of physical ...
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
New year kid drawing New year kid drawing
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library