Assume the value of the vegetarian price index for 1996 is, Ask an Expert

Economics

Assume the value of the Vegetarian Price Index for 1996 is 90 percent. That means that:

A. Prices in 1996 are roughly 90% lower than they were in 1995

B. Prices in 1997 are roughly 10% lower than they were in 1995

C. Prices in 1996 are roughly 10% lower than they were in the base year

D. Prices in 1996 are roughly 90% lower than they were in the base year

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Microeconomics, Economics

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