The price of a new textbook is $60 in one year and $75 two years later, while the price of a used copy of the textbook increased from $25 to $37.50. The relative price of a new textbook
A. increased by 25 percent.
B. decreased from 1.4 to 1.25.
C. increased from 2.4 to 3.
D. decreased from 2.4 to 2.0.
Answer: D
Economics
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