When McDonald's first opened their restaurants in Russia in 1990, the Big Mac meal cost 6 rubles.Three years later, the same meal cost 1,100 rubles.This would be an example of how:
A)demand can change.
B)how premium pricing can damage a product.
C)price elasticity works.
D)inflation can damage a market.
E)service is what matter the most to the average customer.

Question

Quizplus · Accepted Answer

This is an example of how inflation can significantly increase prices over time, reflecting the decrease in purchasing power of money.

When McDonald's First Opened Their Restaurants in Russia in 1990