The price of a cell phone was 400 dollars in 2010 and the CPI was 150. In 2020 the price of this cell phone has
The price of a cell phone was 400 dollars in 2010 and the CPI was 150. In 2020 the price of this cell phone has increased by 20% while CPI has decreased by 40% compared to the year 2010. Therefore, in 2020 the real price of this cell phone in 2010 dollars is estimated at: O A. 440 dollars O B. 300 dollars O C. 800 dollars O D. 250 dollars
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