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Match the scenario with its inflation concern 1. Seth received an 8% raise and feels wealthier, but prices have increased by 8% a. Money Illusion
Match the scenario with its inflation concern 1. Seth received an 8% raise and feels wealthier, but prices have increased by 8% a. Money Illusion 2. Talia runs surf shop. Beach balls are selling for $2 more than normal. However, she does not b. Shoe Leather Costs know if that is because they are in demand or the price of plastics have risen. c. Price Confusion 3. Abdul owns a high end steak restaurant. Because of higher prices, he can no longer charge the same price for the same meal. He must pay $400 in printing costs of new menus to d. Menu Costs reflect higher prices. 4. Allison used a specific face cream for her irritated skin. The drug store that she typically purchased the cream from doubled the price. She has spent nearly an hour online finding a new store that sells the cream at a lower price
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