Table 24-2
The following table pertains to Wiskancia, an economy in which the typical consumer's basket consists of 15 pounds of apples and 7 teddy bears.

$$\begin{array} { | c | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Price of Apples } \
\text { (Dollars per pound) }
\end{array} & \begin{array} { c }
\text { Price of Teddy bears } \
\text { (Dollars per toy) }
\end{array} \
\hline 1 & 14 & 7 \
\hline 2 & 12 & 5 \
\hline 3 & 15 & 9 \
\hline
\end{array}$$
-Refer to Table 24-2. The cost of the basket
A)decreased from Year 1 to Year 2 and increased from Year 2 to Year 3.
B)increased from Year 1 to Year 2 and decreased from Year 2 to Year 3.
C)increased from Year 1 to Year 2 and increased from Year 2 to Year 3.
D)decreased from Year 1 to Year 2 and decreased from Year 2 to Year 3.

Question

Table 24-2
The following table pertains to Wiskancia, an economy in which the typical consumer's basket consists of 15 pounds of apples and 7 teddy bears.
​
​
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Price of Apples } \
\text { (Dollars per pound) }
\end{array} & \begin{array} { c } 
\text { Price of Teddy bears } \
\text { (Dollars per toy) }
\end{array} \
\hline 1 & 14 & 7 \
\hline 2 & 12 & 5 \
\hline 3 & 15 & 9 \
\hline
\end{array}$$
-Refer to Table 24-2. The cost of the basket
A)decreased from Year 1 to Year 2 and increased from Year 2 to Year 3.
B)increased from Year 1 to Year 2 and decreased from Year 2 to Year 3.
C)increased from Year 1 to Year 2 and increased from Year 2 to Year 3.
D)decreased from Year 1 to Year 2 and decreased from Year 2 to Year 3.

Quizplus · Accepted Answer

The cost of the basket in each year is calculated by multiplying the quantity of each item by its price in that year. From Year 1 to Year 2, the prices of both apples and teddy bears decrease, leading to a lower cost of the basket. From Year 2 to Year 3, the prices of both items increase, leading to a higher cost of the basket.

Table 24-2 the Following Table Pertains to Wiskancia, an Economy

Table 24-2
the Following Table Pertains to Wiskancia, an Economy