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Q7. Assume that the price of a Chevrolet car and the CPI is as follows. 2019 2020 2021 PRICE $20,000 $ 21,000 $22,500 CPI 100
Q7. Assume that the price of a Chevrolet car and the CPI is as follows.
| 2019 | 2020 | 2021 | |
| PRICE | $20,000 | $ 21,000 | $22,500 |
| CPI | 100 | 105 | 110 |
Compare the real price between 2019 and 2021 of this car.
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
