The table below shows this market basket and the price of each
good in 2015 and 2016. For the questions below, assume that 2015 is
the base year.
2015 |
2016 |
||
Good |
Quantity |
Unit price |
Unit price |
Textbooks |
7 |
$180.00 |
$210.00 |
Pizza |
9 |
12.00 |
10.00 |
Beer |
12 |
10.00 |
12.00 |
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