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%, which good(s) experienced a relative price increase?

A. Amusement park tickets only
B. Amusement park tickets and bowling balls
C. All three goods experienced relative price increases
D. Camouflage neckties only


Answer: B

Economics

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