7') In a simple economy, people consume only 2 goods, food and clothing. The market basket of goods used to compute the CPI consists 0150 units of food and 10 units of clothing. __I 2002 urice er unit 2003 urice er unit a. What are the percentage increases in the price of food and in the price ofclothing'.' What is the average of the two numbers? I). What is the percentage increase in the CPI? c. The percentage increase in the CF] is different from the average of the percentage increases. What does this tell us? d. Do these price changes affect all consumers to the same extent? Explain