What is the change in the real minute price


Problem: Assume that the minute price of an international call was NOK 6 in 2005, and that it was NOK 3 in 2009. From 2005 to 2009, the consumer price index rose by 3%. What is the change (in percentage) in the real minute price of international calls?

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Microeconomics: What is the change in the real minute price
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