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drew911811 drew911811
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A year ago
Suppose an index of average prices of imported goods in Canada indicates an increase in price of 2.3% over a 12-month period. Over the same period the Consumer Price Index indicates an increase in the general price level of 2.3%. What is the change in the price of imports relative to the change in the overall price level?

▸ a decrease of 4.6%

▸ an increase of 2.3%

▸ a decrease of 2.3%

▸ an increase of 4.6%

▸ no change
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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anitasaganitasag
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A year ago
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drew911811 Author
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A year ago
Just got PERFECT on my quiz
larrybrads
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Thanks for your help!!
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Helped a lot
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