-Consumers in a Country Buy Only Two Goods, Pens and

question 12

Multiple Choice

$$\begin{array} { l c c c c } { \text { Item } } & \begin{array} { c } \text { Quantity } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2009 ) \end{array} & \begin{array} { c } \text { Quantity } \\( 2010 ) \end{array} & \begin{array} { c } \text { Price } \\\mathbf { ( 2 0 1 0 ) }\end{array} \\\hline \text { Pens } & 400 & \$ 1.00 & 400 & \$ 1.02 \\\text { CDs } & 200 & \$ 15.00 & 200 & \$ 15.90 \\\hline\end{array}$$
-Consumers in a country buy only two goods, pens and CDs.The prices and quantities purchased by urban households are in the table above.If 2009 is the reference base year, the cost of the CPI market basket in the base year is

• A) $3,400.
• B) $3,408.
• C) $3,580.
• D) $3,508.
• E) $3,500.

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Definitions:

Sued

The action of bringing a lawsuit against an individual or entity, claiming harm or wrongdoing that demands legal remedy.

Rescission

The rescinding or cancellation of a contract or transaction. In general, its effect is to restore the parties to their original precontractual position.

Precontractual Position

Refers to the legal and factual circumstances surrounding the parties involved before entering into a contract, influencing their obligations and expectations.

Injunction

A legal order issued by a court that directs an individual or entity to do or refrain from doing a specific act.