Question: Using 1989 as a base, the price index for computers is now 185. What does this index number mean? The price of computers has decreased
Using 1989 as a base, the price index for computers is now 185. What does this index number mean?
The price of computers has decreased 85% since 1989
The price of computers has increased 85% since 1989
The price of computers has increased 185% since 1989
The price of computers has increased 100% since 1989
The price of computers is now $185more than in 1989
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
