Question: Using 2014 as the baseperiod, compute a simple price index for each of the following commodities. Interpret your results. 2014 2015 Eggs $1.74 $1.77 parking

Using 2014 as the baseperiod, compute a simple price index for each of the following commodities. Interpret your results.

2014 2015

Eggs $1.74 $1.77

parking pass $1.74 $96.48

Clothing $ 1541.75 $1491.87

The index for the price of eggs is ( )

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