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Satsume Satsume
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6 years ago
Over the past year price inflation has been 10%, but the price of a used Ford Escort has fallen from $6,000 to $5,000.  The real price of a Ford Escort has fallen by:
A) 12%.
B) 17%
C) 20%.
D) 24%
E) 32%.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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