According to the information in Table 10.2, which product had (a) The largest price increase in 2014?

Question:

According to the information in Table 10.2, which product had

(a) The largest price increase in 2014?

(b) The biggest price decline 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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