Question: 3. (35 points) In year 1, 2, and 3, two products are produced in an economy: apple and oranges. The quantities and prices for each

3. (35 points) In year 1, 2, and 3, two products are produced in an economy: apple and oranges. The quantities and prices for each good in each year are listed in the table below: Year 1 Year 2 Year 3 Q P Q P Q P Apple 30 $1 80 $0.9 150 $0.9 Orange 40 $0.4 80 $0.6 110 $1.2

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