Suppose a Group of Consumers Spends 30% of Its Disposable

question 150

Short Answer

Suppose a group of consumers spends 30% of its disposable income on food, 20% on clothing, and 50% on rent. If over the course of a year the price of food rose 10%, the price of clothing dropped 5%, and rent rose 15%, what was the average price increase experienced by these consumers?

---

Definitions:

Professional Appearance

Professional appearance refers to the manner of dress and grooming suitable for a workplace, contributing to an individual's business image.

Integrated Appearance

The cohesive and uniform look and feel of a software or device's user interface, ensuring consistency across its various components.

Placeholder

A symbol or text used temporarily in the place of the final data, often indicating where user input is expected.

Theme Fonts Group

A set of coordinated fonts, including headings and body text styles, defined within a theme to ensure consistent visual design across documents or presentations.