Suppose the price of a container of strawberries rises from $2 to $2.50 and the price of a bag of apples rises from $4 to $5. If the CPI rises from 150 to 175, what will people likely buy?
A) more strawberries and more apples
B) more strawberries and fewer apples
C) less strawberries and more apples
D) less strawberries and fewer apples
Correct Answer:
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