If the value of price index is 120 then it means that_____
A. Prices has increased by 20 %
B. Price has decreased by 20 %
C. Prices are increased by 120%
D.Prices are decreased by 120%
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If the value of price index is 120 then it means that_____
A. Prices has increased by 20 %
B. Price has decreased by 20 %
C. Prices are increased by 120%
D.Prices are decreased by 120%
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Answer:
ans is option b
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