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Business, 12.12.2019 04:31 maleah12x

7. suppose that a typical consumer buys the following quantities of three commodities in 1993 and 1994. commodity quantity 1993 per unit price 1994 per unit price food 5 units $6.00 $5.00 clothing 2 units $7.00 $9.00 shelter 3 units $12.00 $19.00 which of the following can be concluded about the consumer price index (cpi) for this individual from 1993 to 1994? a. it remained unchanged b. it decreased by 25% c. it decreased by 20% d. it increased by 20% e. it increased by 25%

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7. suppose that a typical consumer buys the following quantities of three commodities in 1993 and 19...
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