Use the table below to answer the following questions.
Table 3.1.1

-Refer to Table 3.1.1. In 2014, the relative price of coffee in terms of cola is

Name: Use the table below to answer the following questions. Table 3.1.1 -Refer to Table 3.1.1. In 2014, the relative price of coffee in terms of cola 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 2014, the relative price of coffee in terms of cola is

Quizplus · Accepted Answer

In 2014, the price of coffee was $1.50 and the price of cola was $1.20. So, the relative price of coffee in terms of cola is $1.50/$1.20 = 1.25.

Use the Table Below to Answer the Following Questions