Identifying Hyperinflation Scenarios
Which of the following scenarios best illustrates hyperinflation?
A
A shirt that initially costs $50 increases in price to $70 after three months.
B
A pair of socks that initially costs $5 increases in price to $6 after two months.
C
A watch that initially costs $500 increases in price to $800 after one year.
D
A book that initially costs $30 increases in price to $40 by the end of one month.
E
A pen that initially costs $1 increases in price to $1.75 by the end of one week.