K Quantity Price Price Item (2011) (2011) (2012) Salt 2 $1.00 $2.00 Bread 20 $2.50 $3.00 The data in the table above shows the consumption by families in a small (poor) economy. The familie salt and bread. The reference base period is 2011. The CPI in 2012 is OA. 23.1 OB. 18.8 000 C. 100. 1004

K Quantity Price Price Item (2011) (2011) (2012) Salt 2 $1.00 $2.00 Bread 20 $2.50 $3.00 The data in the table above shows the consumption by families in a small (poor) economy. The familie salt and bread. The reference base period is 2011. The CPI in 2012 is OA. 23.1 OB. 18.8 000 C. 100. 1004

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

K
Quantity
Price
Price
Item
(2011)
(2011)
(2012)
Salt
2
$1.00
$2.00
Bread
20
$2.50
$3.00
The data in the table above shows the consumption by families in a small (poor) economy. The families
salt and bread. The reference base period is 2011. The CPI in 2012 is
OA. 23.1
B. 18.8
O c. 100.
00
D. 123.1
e
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