Suppose that because of inflation,the absolute price of a gallon of milk increases by 20% and the absolute price of a gallon of gasoline increases by 10%.In this situation,the price of milk relative to the price of gasoline

Question

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The price of milk increases by a larger percentage (20%) compared to the price of gasoline (10%), which means the cost of milk relative to gasoline becomes more expensive, hence the relative price of milk rises.

Suppose That Because of Inflation,the Absolute Price of a Gallon