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What happened to the real price of internet service

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Problem 1: The price of high speed internet service fell from 40 cents per minute in 2004 to 22 cents per minute in 2010, a 45% (18 cents/40cents) decreases. Suppose that the Consumer Price index increased by 11% over this period. What happened to the real price of internet service? The real price of internet service decreased by:

A) 50.5%
B) 34%
C) 25.6%
D) 48.3%

Reference no: EM132971189

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