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Category > Business & Finance Posted 15 May 2017 My Price 5.00

The price of long-distance telephone service fell from 40 cents

6.     The price of long-distance telephone service fell from 40 cents per minute in 1996 to 22 cents per minute in 1999, a 45-percent (18 cents/40 cents) decrease. The Consumer Price Index increased by 10 percent over this period. What happened to the real price of tele- phone service?

 

Answers

Alpha Geek
(8)
Status NEW Posted 15 May 2017 11:05 AM My Price 5.00

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Attachments

file 1494846233-1387424_1_636303764543004026_Real-price.xlsx preview (86 words )
13-----------874-----------24&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------480-----------085-----------Rea-----------l p-----------ric-----------e6.----------- Â----------- Â ----------- Â----------- Th-----------e p-----------ric-----------e o-----------f l-----------ong------------di-----------sta-----------nce----------- te-----------lep-----------hon-----------e s-----------erv-----------ice----------- fe-----------ll -----------fro-----------m 4-----------0 c-----------ent-----------s p-----------er -----------min-----------ute----------- in----------- 19-----------96 -----------to -----------22 -----------cen-----------ts -----------per----------- mi-----------nut-----------e i-----------n 1-----------999-----------, a----------- 45------------pe-----------rce-----------nt -----------(18----------- ce-----------nts-----------/40----------- ce-----------nts-----------) d-----------ecr-----------eas-----------e. -----------The----------- Co-----------nsu-----------mer----------- Pr-----------ice----------- In-----------dex----------- in-----------cre-----------ase-----------d b-----------y 1-----------0 p-----------erc-----------ent----------- ov-----------er -----------thi-----------s p-----------eri-----------od.----------- Wh-----------at -----------hap-----------pen-----------ed -----------to -----------the----------- re-----------al -----------pri-----------ce -----------of -----------tel-----------e- -----------pho-----------ne -----------ser-----------vic-----------e?p-----------ric-----------e o-----------f l-----------ong------------di-----------sta-----------nce----------- te-----------lep-----------hon-----------e s-----------erv-----------ice-----------cen-----------ts -----------per----------- mi-----------nut-----------eCP-----------Iin----------- Ye-----------ar -----------199-----------6In----------- Ye-----------ar -----------199-----------9Re-----------al -----------pri-----------ce -----------of -----------lon-----------g-d-----------ist-----------anc-----------e
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