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If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007 when the CPI was 172, then the real price of the 1970 soda in terms of 2007 dollars is?

If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007 when the CPI was 172, then the real price of the 1970 soda in terms of 2007 dollars is?
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If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007 when the CPI was 172, then the real price of the 1970 soda in terms of 2007 dollars is?

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User Sarfata
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8.2k points

1 Answer

2 votes

Answer:

0.16

Step-by-step explanation: hope it's helpful

answered
User Willem Van Ketwich
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8.7k points
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