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Assume that the typical consumer basket consists of 5 bushels of peaches and 10 bushels of walnuts and that the base year is 2014. What

Assume that the typical consumer basket consists of 5 bushels of peaches and 10 bushels of walnuts and that the base year is 2014. What is the consumer price index for 2014?
Yearpeachespecans
2014$14 per bushel$9 per bushel
2015$12 per bushel$14 per bushel


 

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