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 107 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
Great answer, keep it coming :)

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
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
A little part of textbook image A little part of textbook image
Walking into new year kids drawing Walking into new year kids drawing
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library