Year Price of Pizza Price of Beer $10 $12 $14 $15 $16 $17 2010 2011 2012 Table 2. Let 2011 be the base year Use the following market basket: 100 pizzas 300 cases of beer Refer to Table 2. What is the price index in 2012? a) 109 b) 105 c) 125 d) 108.3
Year Price of Pizza Price of Beer $10 $12 $14 $15 $16 $17 2010 2011 2012 Table 2. Let 2011 be the base year Use the following market basket: 100 pizzas 300 cases of beer Refer to Table 2. What is the price index in 2012? a) 109 b) 105 c) 125 d) 108.3
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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