The consumers in the economy buys only two general types of products: Apples, and Bananas. Price...

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The consumers in the economy buys only two general types of products: Apples, and Bananas. Price and Quantity information of these items over a period are shown below: Product Quantity Apples 6 Bananas 17 Year 2019 Your Answer: Answer Average Price per Unit Year 2020 $10 $10 9 7 Using year 2020 as the base year, the economy's consumer price index (CPI) in year 2019 is (Your answer should include the first decimal point, if any.) Quantity Average Price per Unit $12 $24 The consumers in the economy buys only two general types of products: Apples, and Bananas. Price and Quantity information of these items over a period are shown below: Product Quantity Apples 6 Bananas 17 Year 2019 Your Answer: Answer Average Price per Unit Year 2020 $10 $10 9 7 Using year 2020 as the base year, the economy's consumer price index (CPI) in year 2019 is (Your answer should include the first decimal point, if any.) Quantity Average Price per Unit $12 $24

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To calculate the consumer price index CPI for year 2019 using year 2020 as the base year we can u... View the full answer