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Using 1995 as the base period, the price index for cars is now 140. What does this index number mean? The price of cars has

Using 1995 as the base period, the price index for cars is now 140. What does this index number mean?

The price of cars has decreased 40% since 1995.The price of cars has increased 40% since 1995.The price of cars has increased 140% since 1995.The current price of cars is within $140 of the 1995 price.

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