Refer to the Information Provided in Table 22

question 193

Multiple Choice

Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
-Refer to Table 22.6. If 2015 is the base year, the price index in 2015 is

• A) 1000.
• B) 100.
• C) 10.
• D) 1.

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Definitions:

Unregulated

Activities or industries that operate without governmental control or oversight.

Tires

Manufactured products designed to cover wheels, providing traction and absorbing shock for vehicles.

Excess Supply

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, leading to surplus.

Sunglasses

Protective eyewear designed to prevent bright sunlight and high-energy visible light from damaging or discomforting the eyes.