When flat screen televisions were first introduced in 1997 they were priced at $15,000.If the CPI in 1997 was 160 and the CPI in 2019 is 265,then this price is equivalent to approximately ______________________in 2019 dollars.If the average flat screen TV sells for $550 in 2019,the percentage change between the inflation-adjusted price of a flat screen TV in 1997 and the actual price in 2019 price is ___________.
A) $15,469; -96.4 percent
B) $19,887; -95.6 percent
C) $24,844; -97.7 percent
D) $154; 3.6 percent
E) $367; 8.3 percent
Correct Answer:
Verified
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