Amusement park admission 5.08 Museum admission 4.2 Zoo admission 3.18 Refer to the table above, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 3.5 percent, which good(s) experienced a relative price increase? Mutiple Choice Amusement park admission only Amusement park admission and museum admission Zoo admission only

Amusement park admission 5.08 Museum admission 4.2 Zoo admission 3.18 Refer to the table above, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 3.5 percent, which good(s) experienced a relative price increase? Mutiple Choice Amusement park admission only Amusement park admission and museum admission Zoo admission only

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 4CQQ

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