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 71 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
:D TYSM

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ... Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ...
Textbook Pile Textbook Pile
Permafrost: Top layer temperatures increased by as much as 3˚C Permafrost: Top layer temperatures increased by as much as 3˚C
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
textbook textbook
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library