-Consumers in a Country Buy Only Two Goods,sneakers and Manicures

question 25

Multiple Choice

-Consumers in a country buy only two goods,sneakers and manicures.The prices and quantities purchased by urban households are in the table above.The reference base year is 2011.The inflation rate between 2011 and 2012 is

• A)$15.
• B)15.0 percent.
• C)$10.
• D)10.3 percent.
• E)9.0 percent.

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Definitions:

Entitled

Given a right or claim to receiving or doing something.

Property

Assets or possessions owned by an individual or entity, including both physical and intellectual properties.

Doctor

A qualified individual who practices medicine, diagnosing and treating diseases or injuries.

Title

Legal right to own, use, or sell a particular property or asset.