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business statistics 9. Table shows the retailed prices and rate of cost of different daily necessary commodities from 1967 to 1968 of middle class families

business statistics

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9. Table shows the retailed prices and rate of cost of different daily necessary commodities from 1967 to 1968 of middle class families in area Necessary commodities Food House Rent Cloth Fuel Others Expenditure 25% 20% 20% 10% 25% Price(1967) 100 70 70 120 140 Price(1968) 120 80 50 105 150 Discuss what change took place in cost of living of 1968 in comparison with 1967

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