If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007 when the CPI
Was 172, then the real price of
A) the soda was 15 cents in 1970 and 50 cents in 2007.
B) the 1970 soda in 2007 dollars is 52 cents.
C) the 2007 soda in 1970 dollars is $3.44.
D) a soda has risen 567 percent.
E) a soda has risen 350 percent.
Correct Answer:
Verified
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