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) greed on the part of moviemakers.
B) inflation.
C) compound interest.
D) deflation.

Question

Quizplus · Accepted Answer

The increase in movie ticket prices from $5.00 in 2001 to $7.00 in 2007 is most likely due to inflation, which is the general increase in prices and fall in the purchasing value of money over time.

If You Paid $5