Refer to the information provided in Table 7.3 below to answer the questions that follow. Table 7.3 Price per Unit in Units Purchased 2013 2014 2015 2016 Blueberries 8 $2.00 $2.00 $2.10 $2.40 Pineapples 5 $2.00 $2.50 $2.50 $3.00 Cheese 3 $2.50 $3.00 $3.50 $4.00 Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is OA. 89.3. B. 96.0. C. 104.0. OD. 111.9.

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter11: The Market For Pharmaceuticals
Section: Chapter Questions
Problem 2QAP
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Refer to the information provided in Table 7.3 below to answer the questions that follow.
Table 7.3
Price per Unit in
Units Purchased
2013
2014
2015
2016
Blueberries
8
$2.00
$2.00
$2.10
$2.40
Pineapples
5
$2.00
$2.50
$2.50 $3.00
Cheese
3
$2.50
$3.00
$3.50
$4.00
Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is
OA. 89.3.
B. 96.0.
C. 104.0.
OD. 111.9.
Transcribed Image Text:Refer to the information provided in Table 7.3 below to answer the questions that follow. Table 7.3 Price per Unit in Units Purchased 2013 2014 2015 2016 Blueberries 8 $2.00 $2.00 $2.10 $2.40 Pineapples 5 $2.00 $2.50 $2.50 $3.00 Cheese 3 $2.50 $3.00 $3.50 $4.00 Refer to Table 7.3. If 2014 is the base year, the price index in 2013 is OA. 89.3. B. 96.0. C. 104.0. OD. 111.9.
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