Question: Using 1989 as a base, the price index for computers is now 175. What does this index number mean? The price of computers has decreased

Using 1989 as a base, the price index for computers is now 175. What does this index number mean?

The price of computers has decreased 75% since 1989

The price of computers has increased 75% since 1989

The price of computers has increased 175% since 1989

The price of computers has increased 100% since 1989

The price of computers is now $175more than in 1989

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