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Economics for Today 9th Edition by Irvin Tucker
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Consider an economy with only two goods bread and wine. In the base year, the typical family bought four loaves of bread at $2 per loaf and two bottles of wine for $9 per bottle. In a given year, bread cost $3 per loaf, and wine cost $10 per bottle. The CPI for the given year is
A) 100.
B) 123.
C) 126.
D) 130.
A) 100.
B) 123.
C) 126.
D) 130.
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Economics for Today 9th Edition by Irvin Tucker
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