A Consumer Expenditure Survey Reports the Following Information on Consumer

question 8

Multiple Choice

A consumer expenditure survey reports the following information on consumer protein spending: $\begin{array}{ll} &\quad\quad\quad\quad \text {2005} && \quad\quad\quad\quad\quad\quad \text {2006} \\& \text { Price } & \text { Quantity } & \text { Price }& \text { Quantity }\\\text { Fish } & \$ 5 &1 & \$ 7&7 \\\text { Chicken } & \$ 3 &10 & \$ 4 &12\\\text { Beef } & \$ 6&7 & \$ 5&10\end{array}$


Using 2005 as the base year, by how much does a "cost of protein" index increase between 2005 and 2006?

• A) 5.2%
• B) 8.6%
• C) 13.4%
• D) 14.3%