Year Price of Pizza Price of Beer 2010 $10 $15 2011 $12 $16 2012 $14 $17      Table 2.  Let 2010 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 2011?   Question 21 options:   a)  109   b)  105   c)  125   d)  120

ENGR.ECONOMIC ANALYSIS
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Year Price of Pizza Price of Beer
2010 $10 $15
2011 $12 $16
2012 $14 $17
     
Table 2.  Let 2010 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 2011?
 

Question 21 options:

 

a) 

109
 

b) 

105
 

c) 

125
 

d) 

120
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