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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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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