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You are currently earning $42,000 a month in Chicago and are offered $49,000 by a firm in New York. You are thrilled but are worried
You are currently earning $42,000 a month in Chicago and are offered $49,000 by a firm in New York. You are thrilled but are worried about the high cost of living in New York. What would be your salary in New York in real prices? Suppose that the CPI is 92.5 in Chicago and 121.8 in New York. O $37,213 O $49,000 O $42,000 O $38,520 QUESTION 3 Which of the following leads to a shift in demand for Pepsi? Price of Pepsi rises O Pepsi workers go on strike O Price of Coca Cola rises O Taxes on Pepsi cans are reduced
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