A price relative was computed for houses. The base period is 2010. The price relative in 2015 was 140. The interpretation of the price relative is that
A. there has been a 140% increase in the price of houses from 2010 to 2015.
B. there has been a 40% increase in the price of houses from 2010 to 2015.
C. the price of houses in 2015 was $140 higher than the price in 2010.
D. It is impossible to interpret the index.
Answer: B
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