Table 24-10 The Table Below Shows the Prices of Baseballs and Baseball

question 502

Multiple Choice

Table 24-10
The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats.
-Refer to Table 24-10. If 2008 is the base year, then the consumer price index was

• A)100.00 in 2008, 110.03 in 2009, and 117.43 in 2010.
• B)100.00 in 2008, 110.03 in 2009, and 129.20 in 2010.
• C)100.00 in 2008, 117.00 in 2009, and 132.50 in 2010.
• D)169.50 in 2008, 186.50 in 2009, and 219.00 in 2010.

---

Definitions:

UCC Section 2-301

A provision under the Uniform Commercial Code that states the obligation of a seller is to transfer and deliver goods and the buyer's obligation is to accept and pay for them in accordance with the contract.

Basic Duty

A fundamental obligation or responsibility required by one's position, job, or legal standing.

Consolidated Electric

A hypothetical term possibly implying an amalgamation of multiple electric companies or utilities to form a single entity. NO.

Commercial Impracticability

A principle that excuses a party from performing their contractual obligation due to the occurrence of events that fundamentally transforms the nature of the obligations which the parties could not have anticipated.