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

Name: 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
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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

Quizplus · Accepted Answer

To calculate the relative price of coffee in terms of tea, we divide the price of coffee by the price of tea. So, in 2015, the relative price of coffee in terms of tea is 2.14/2.00 = 1.07.

Use the Table Below to Answer the Following Questions