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Consider an economy that produces only two goods, soft drinks and hamburgers. The following price and quantity statistics are available about this economy: YearHamburgersSoft Drinks

Consider an economy that produces only two goods, soft drinks and hamburgers. The following price and quantity statistics are available about this economy:

YearHamburgersSoft Drinks2015Price =$2.00;Quantity =2000Price =$0.50;Quantity =20002016Price =$2.25;Quantity =2000Price =$0.50;Quantity =2200

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