According to Table 10.2, how might the diet of the average consumer have been altered by relative
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According to Table 10.2, how might the diet of the average consumer have been altered by relative price changes in 2014?
TABLE 10.2
Item _________ Price Change in 2014 (Percent)
Eggs …………………………………........ +8.88
Oranges ………………………….…..…. +7.03
Hot dogs ……………………………...… +5.36
College tuition ……………………..... +3.77
Textbooks ………….………………….. +3.03
Average price level ..…………...…… 1.66
Coffee ………….…………………........ – 0.70
Apples …………...……………….……... -0.75
Airfare …………..……………….…..….. -2.88
Gasoline ………..……………….…….… -3.22
Televisions …….………………….…. .-14.05
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