Use the table below to answer the following questions.
Table 3.1.1
-Refer to Table 3.1.1.In 2015,the relative price of coffee in terms of tea is
A)2.25.
B)2.10.
C)1.00.
D)0.93.
E)1.07.

Question

Use the table below to answer the following questions.
Table 3.1.1 
-Refer to Table 3.1.1.In 2015,the relative price of coffee in terms of tea is
A)2.25. 
B)2.10. 
C)1.00. 
D)0.93. 
E)1.07.

Quizplus · Accepted Answer

The relative price of coffee in terms of tea is calculated by dividing the price of coffee by the price of tea. The given relative price is 1.07, which means coffee is 1.07 times the price of tea.

Use the Table Below to Answer the Following Questions