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Suppose the average price of gas in 2009 was $0.95 per litre and $0.97 in 2010. The inflation rate was 3 percent in 2010. What

Suppose the average price of gas in 2009 was $0.95 per litre and $0.97 in 2010. The inflation rate was 3 percent in 2010. What was the 2010 price of gas in 2009 dollars?

a. $0.922

b. $0.941*

c. $0.978

d. $0.999

i know the answer is b, but can you please explain why. thanks.

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