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Among the market baskets of agricultural products (e.g., vegetables, spices); clothing & apparel; and industrial/machinery goods (e.g., spare parts of an automobile; construction materials) Which

Among the market baskets of agricultural products (e.g., vegetables, spices); clothing & apparel; and industrial/machinery goods (e.g., spare parts of an automobile; construction materials)

  • Which of these baskets fluctuate its price level the most? Why such behavior?
  • Which basket of goods seldom moves its price level for a certain period of time but once it fluctuates, it is huge or significant? Explain why such a movement.
  • Compare the price movement of agricultural products to clothing/apparel?

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