Multiple Choice


-Which of the following is false with respect to Table 11.1?
A) The relative price of shoes in terms of jeans was 1.5 in 2005.
B) The absolute price of shoes rose from 2005 to 2006.
C) The relative price of shoes rose from 2005 to 2006.
D) The relative price of shoes in terms of jeans was ? in 2005.
E) The absolute price of jeans rose from 2005 to 2006.
Correct Answer:
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