Suppose this is the base year and there are only two goods (Good A and Good B) and the average person buys 8 of Good A in a year and 6 of Good B. If the Price of Good A is $8 and the Price of Good B is $6, the price index
A) is 100.
B) is 64.
C) is 36.
D) is 50.
Correct Answer:
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