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Last Year You Purchased 20 Shirts at $15 a Piece,30

question 59

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Last year you purchased 20 shirts at $15 a piece,30 CDs at $12 each,and 5 sweaters at $25 a piece.This year you buy 16 shirts at $20 a piece,30 CDs at $15 a piece,and 8 shirts at $20 a piece.If last year's index was 100,this year's index is


Definitions:

Sellers

Individuals or entities that offer goods or services for sale in the market.

Common Resources

Natural or man-made resources that are not owned by anyone, cannot exclude others from using, and are susceptible to overuse and depletion.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone without diminishing availability to others.

Not Excludable

A characteristic of a good or service where it is difficult or impossible to prevent individuals from enjoying its benefits, even if they do not pay for it.

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