If you paid $5.00 to go to a movie in 2001 and you paid $7.00 to go to a movie in 2007,the increase is price is probably due to
A)inflation.
B)greed on the part of movie makers.
C)deflation.
D)compound interest.

Question

Quizplus · Accepted Answer

The increase in price is most likely due to inflation, which refers to the general increase in prices over time. It is not necessarily due to greed or compound interest, and deflation would result in a decrease in prices.

If You Paid $5