Consider the following table that provides the simple price indices for an item from 2006 through 2008. 
a.If the price of the good in 2006 was $8,compute the price in 2008.
b.If the base year is changed to 2007,compute the value of the updated simple price index in 2008.
Definitions:
Osteons
The fundamental functional unit of much compact bone, encompassing concentric layers of mineralized matrix and a central canal.
Canaliculi
Small, channel-like structures in bone tissue that permit the exchange of nutrients and wastes between blood vessels and osteocytes.
Collagen Fibers
Strong, flexible bundles of the protein collagen that are major components of connective tissue, skin, bone, ligaments, and tendons, providing structure and strength.
Connective Tissue
Tissue that supports, connects, or separates different types of tissues and organs in the body, composed of cells embedded in an extracellular matrix.
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