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4. DETAILS Suppose seafood price and quantity data for the years, 2000 and 2009 follow. Use 2000 as the base period. 2000 2000 2009 Seafood

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4. DETAILS Suppose seafood price and quantity data for the years, 2000 and 2009 follow. Use 2000 as the base period. 2000 2000 2009 Seafood Qty. (lb) Price ($/lb) Price ($/1b) Halibut 75,090 2.01 2.23 Lobster 83,080 3.62 3.09 Tuna 50,779 1.87 1.97 (a) Compute a price relative for each type of seafood. (Round your answers to one decimal place.) Seafood Price Relative Halibut Lobster Tuna (b) Compute a weighted aggregate price index for the seafood catch. (Round your answer to one decimal place.) 2009 = Comment on the change in seafood prices over the nine-year period. (Enter your percentage as a positive value. Round your answer to one decimal place.) Seafood prices have -Select- | by % over the 9-year period according to the index

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