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A simple economy produces twogoods, ApplePies and VideoGames. Price and quantity data are asfollows: Production and Prices in Year 1 (Base year) Product Apple Pies

A simple economy produces twogoods, ApplePies and VideoGames. Price and quantity data are asfollows:

Production and Prices in Year 1 (Base year) Product Apple Pies Video Games Quantity 110 600 Price Per Unit S2 50 ssono Production and Prices in Year 2 Product Apple Pies Video Games Quantity 13780 900.00 Price Per Unit S3.75 S100.oo

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