Fill in the Blanks Good A B C Type your answers in all of the blanks and submit X₂ X² Ω Y Price in 2017 ($) 10 The table shows the prices of three goods - A, B and C typically purchased by a consumer for the year 2017 and 2018. Calculate the following: (round your answers to two decimal places) Type your answer here 5 1 1. If the consumer purchases 2 units of each good, then the rate of inflation between 2017 and 2018 is %. 2018 is Type your answer here Price in 2018 ($) 15 4 2 2. If the consumer purchases 10 units of good B, and 2 units of each good A and good C, then the rate of inflation between 2017 and %.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Fill in the Blanks
Good
A
B
C
Type your answers in all of the blanks and submit
X₂ X²
Ω·
Price in 2017 ($)
10
5
1
The table shows the prices of three goods - A, B and C typically purchased by a consumer for the year 2017 and 2018. Calculate the
following: (round your answers to two decimal places)
Type your answer here
2018 is
1. If the consumer purchases 2 units of each good, then the rate of inflation between 2017 and 2018 is
Price in 2018 ($)
15
4
2
%.
2. If the consumer purchases 10 units of good B, and 2 units of each good A and good C, then the rate of inflation between 2017 and
Type your answer here
%.
Transcribed Image Text:Fill in the Blanks Good A B C Type your answers in all of the blanks and submit X₂ X² Ω· Price in 2017 ($) 10 5 1 The table shows the prices of three goods - A, B and C typically purchased by a consumer for the year 2017 and 2018. Calculate the following: (round your answers to two decimal places) Type your answer here 2018 is 1. If the consumer purchases 2 units of each good, then the rate of inflation between 2017 and 2018 is Price in 2018 ($) 15 4 2 %. 2. If the consumer purchases 10 units of good B, and 2 units of each good A and good C, then the rate of inflation between 2017 and Type your answer here %.
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