Suppose you are buying tires for Tesla from a supply base of approximately 5 suppliers. The contracts are spot contracts with these suppliers so prices may go up or down over time. During October 2022, the average price you were paying per tire was $45/tire. During November 2022, you were averaging $46.58 per tire. You compared this to PPI tables. PPI for October 2022 was 147.0. PPI for November 2022 was 146.7. 

How much did the marketplace change from October to November?

Answer rating: 100% (QA)

To determine the marketplace change from October to November we can calcu... View the full answer