GoodPrice Increase Last YearAmusement park tickets5.0%Bowling balls4.2%Camouflage neckties3.1% Refer to Table 8.1, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 3.5%, what happened to the real price of amusement park tickets?
A. The real price of amusement park tickets rose by 8.5%.
B. The real price of amusement park tickets fell by 1.5%.
C. The real price of amusement park tickets rose by 5.0%
D. The real price of amusement park tickets rose by 1.5%.
Answer: D
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