Over a long period of time, the price of a kebab rose from £5.00 to £7.50. Over the same period, the consumer price index rose from 150 to 300. Adjusted for overall inflation, how much did the price of the kebab change? Show your calculations step by step with explanations.
Over a long period of time, the price of a kebab rose from £5.00 to £7.50. Over the same period, the consumer price index rose from 150 to 300. Adjusted for overall inflation, how much did the price of the kebab change? Show your calculations step by step with explanations.
Chapter7: Inflation
Section: Chapter Questions
Problem 1SQP
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