When flat screen televisions were first introduced in 1997 they were priced at $15,000. If the CPI in 1997 was 160 and the CPI in 2019 is 265, then this price is equivalent to approximately ______________________in 2019 dollars. If the average flat screen TV sells for $550 in 2019, the percentage change between the inflation-adjusted price of a flat screen TV in 1997 and the actual pricein 2019 price is __________

a. $15,469; -96.4 percent
b. $19,887; -95.6 percent
c. $24,844; -97.7 percent
d. $154; 3.6 percent
e. $367; 8.3 percent


Answer; c. $24,844; -97.7 percent

Economics

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