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In 1995,the CPI Was 152

Question 257

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In 1995,the CPI was 152.5 and the price of an economics textbook was $70.00 and a music CD was $16.00.If the CPI was 172.3 in 2011,what were the prices of the economics textbook and the music CD in 2011 dollars?

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To adjust the two prices,the ratio of th...

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