Calculate real price of a litre of gasoline in terms of milk, Microeconomics

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Calculate real price of a litre of gasoline in terms of milk

Problem

In April 2014, the money price of a litre of milk was $2.01 and the money price of a litre of gasoline was $1.30. Calculate the real price of a litre of gasoline in terms of milk.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate real price of a litre of gasoline in terms of milk

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