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3. Consider an economy that produces only four commodities: computer, washing machine, mobile phone, and car. In the base year (a few years ago), the

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3.Consider an economy that produces only four commodities: computer, washing machine, mobile phone, and car. In the base year (a few years ago), the production and price data were as follows:

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Commodity Quantity Price (Per unit) Computer 5,500 20,000 Washing machine 6,000 17,000 Mobile phone 15,000 10,000 Car 2,500 600,000 In the current year, the production and price data are as follows: Commodity Quantity Price (Per unit) Computer 8,500 35,000 Washing machine 8,200 25,500 Mobile phone 19,000 12,000 Car 3,800 750,000

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