Consider the following data that gives the quantity produced and unit price for three different goodsacross two different years to answer the next questions. Assume that the base year is 2012
-What was the rate of inflation between the two years?
A) 19.44 percent
B) 8.57 percent
C) 6.67 percent
D) 2.38 percent
E) 16.67 percent
Correct Answer:
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