Suppose over the last year that the price of copper increased from ore increased from $1.70 a pound to $1.79 per pound. Over the same time a measure of the overall price level increased from 300 to 309. The price of copper increased by
A)less than inflation, and this means it became relatively less scarce.
B)less than inflation, and this means it became scarcer.
C)more than inflation, and this means it became scarcer.
D)more than inflation, but this doesn't necessarily mean that it become scarcer.

Question

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The Answer of Suppose over the last year that the price of copper increased from ore increased from $1.70 a pound to $1.79 per pound. Over the same time a measure of the overall price level increased from 300 to 309. The price of copper increased by
A)less than inflation, and this means it became relatively less scarce.
B)less than inflation, and this means it became scarcer.
C)more than inflation, and this means it became scarcer.
D)more than inflation, but this doesn't necessarily mean that it become scarcer.

Suppose Over the Last Year That the Price of Copper