Business, 06.03.2020 21:43 mkuhauluasong2020
Suppose that in the base period a college student buys 20 gallons of gasoline at $2 per gallon, 2 CDs for $13 each, and 4 movie tickets for $7 each. In the next month, the price of gasoline is $2.25 per gallon, CDs cost $12.50 each, and the price of a movie ticket is $7.50. 12. (Scenario: Price Index) Look at the scenario Price Index. The change in prices (inflation rate) from the first to the second month is . Show your work.
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Suppose that in the base period a college student buys 20 gallons of gasoline at $2 per gallon, 2 CD...
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