The consumer price index for Planet Econ consists of only two items: books and sandwiches. In 2000, the base year, the typical consumer purchased 10 books for $20 each and 25 sandwiches for $3 each. In 2005, the typical consumer purchased 15 books for $25 each and 30 sandwiches for $4.50 each. The consumer price index for 2005 on Planet Econ equals: Select one: O a. 1.31 O b. 0.54 O c. 1.85 O d. 0.76

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The consumer price index for Planet Econ consists of only two items: books and sandwiches. In 2000, the base
year, the typical consumer purchased 10 books for $20 each and 25 sandwiches for $3 each. In 2005, the
typical consumer purchased 15 books for $25 each and 30 sandwiches for $4.50 each. The consumer price
index for 2005 on Planet Econ equals:
Select one:
O a. 1.31
О Ь.0.54
Oc. 1.85
O d. 0.76
Finish attempt
o and Windows
W
e
Transcribed Image Text:The consumer price index for Planet Econ consists of only two items: books and sandwiches. In 2000, the base year, the typical consumer purchased 10 books for $20 each and 25 sandwiches for $3 each. In 2005, the typical consumer purchased 15 books for $25 each and 30 sandwiches for $4.50 each. The consumer price index for 2005 on Planet Econ equals: Select one: O a. 1.31 О Ь.0.54 Oc. 1.85 O d. 0.76 Finish attempt o and Windows W e
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