When electronic digital wristwatches were first introduced in 1972 they were priced at $2,100. If the CPI in 1972 was 42 and the CPI in 2019 is 275, then this price is equivalent to approximately ______________________in 2019 dollars.
A. $20,950
B. $11,650
C. $13,750
D. $245 $321
Ans: C. $13,750
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What will be an ideal response?
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