In 1976 a movie ticket was 4 and the price index was 56 in, Business Economics

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In 1976 a movie ticket was 4 and the price index was 56 in

In 1976 a movie ticket was $4 and the price index was 56. In 2009 a movie ticket was $9 and the price index was 228. Based on this information:

The real price of a movie ticket was the same in both years.

The real price of a movie ticket was lower in 1976.

The real price of a movie ticket was lower in 2009.

It is impossible to say from the information given.

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Business Economics: In 1976 a movie ticket was 4 and the price index was 56 in

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Business Economics: In 1976 a movie ticket was 4 and the price index was 56 in

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