If the price index in 1922 was 17 and a unit of Nabisco Oreo cookies cost $0.32,and if the price index today is 220 and a unit of Nabisco Oreo cookies costs $2.99,then the inflation-adjusted price of Oreos is:
A) almost exactly the same (within 10%).
B) much higher (twice or more) than today's actual price.
C) much lower (half or less) than today's actual price.
D) a bit higher than today's actual price (1-1.99 times as much).
E) a bit lower than today's actual price (0.51-0.90 times as much).

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The Answer of If the price index in 1922 was 17 and a unit of Nabisco Oreo cookies cost $0.32,and if the price index today is 220 and a unit of Nabisco Oreo cookies costs $2.99,then the inflation-adjusted price of Oreos is:
A) almost exactly the same (within 10%).
B) much higher (twice or more) than today's actual price.
C) much lower (half or less) than today's actual price.
D) a bit higher than today's actual price (1-1.99 times as much).
E) a bit lower than today's actual price (0.51-0.90 times as much).

If the Price Index in 1922 Was 17 and a Unit