-The CPI Basket Contains 400 Oranges and 800 Pens

question 394

Multiple Choice

$$\begin{array} { | c | l | l | l | } \hline && { 2008 } & 2009 \\\hline \text { Item } & \text { Quantity } & \text { Frice } & \text { Price } \\\hline \text { Movie tickets } & 4 & \$ 5.00 & \$ 7.50 \\\hline \begin{array} { c } \text { Bags of } \\\text { popcorn }\end{array} & 2 & \$ 3.00 & \$ 3.00 \\\hline \text { Drinks of soda } & 4 & \$ 1.00 & \$ 1.50 \\\hline\end{array}$$
-The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each. The CPI this year is__________ .

• A) 140
• B) 160
• C) 1.60
• D) 62.5

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Definitions:

Reasonable Person

A hypothetical individual in the legal system who exercises average care, skill, and judgment in conduct and is used as a standard to assess behavior.

Duress By Physical Force

The use of physical force or threats to compel someone to act against their will or to consent to an agreement.

Duress By Improper Threat

A situation where an individual is forced or coerced into a contract or legal agreement under threats that are unlawful or unethical.

Void Contract

is an agreement without legal effect or binding force from its inception due to failure to meet essential legal requirements.