The price of a typical laptop computer has fallen from 2000


Question: The price of a typical laptop computer has fallen from $2,000 in 1985 to $800 today. At the same time, the consumer price index has risen from 100 to 250. Adjusting for inflation, how much did the price of laptops change? Does this answer seem right to you, or is it missing something? Explain your response.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: The price of a typical laptop computer has fallen from 2000
Reference No:- TGS02276911

Expected delivery within 24 Hours