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Suppose that the price of Oranges in 1956 is $1.6 and in 2003 it is $1.3. In addition, you also know that the CPI in

Suppose that the price of Oranges in 1956 is $1.6 and in 2003 it is $1.3. In addition, you also know that the CPI in 1956 is 150 and in 2003 it is 190.

Given this information, what is the change in the real value of Oranges between 1956 and 2003.

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