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 89 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
Thanks for the timely response, appreciate it

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Mechanisms of action of adrenergic agonists: (1) stimulation of the release of NE; (2) increased ... Mechanisms of action of adrenergic agonists: (1) stimulation of the release of NE; (2) increased ...
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
Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009 Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009
Video: How to make cDNA Animation

For a complete list of videos, visit our video library