year 1 price year 1 output year 2 price year 2 output year 3 price year 3 output a. 47.5 b. 110 video games 40 100 40 120 45 150 energy drinks 2 500 2.5 550 2.5 600 14. Using the table above, assuming year two is the base year, the price level for year 3 is c. 0.91 d. 89 and are

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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year 1 price
year 1 output
year 2 price
year 2 output
year 3 price
year 3 output
video games
40
100
40
energy drinks
2
500
2.5
550
2.5
600
14. Using the table above, assuming year two is the base year, the price level for year 3 is
a. 47.5
b. 110
c. 0.91
d. 89
und ane
120
45
150
Transcribed Image Text:year 1 price year 1 output year 2 price year 2 output year 3 price year 3 output video games 40 100 40 energy drinks 2 500 2.5 550 2.5 600 14. Using the table above, assuming year two is the base year, the price level for year 3 is a. 47.5 b. 110 c. 0.91 d. 89 und ane 120 45 150
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