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Consider the economy of Lothlorien that produces only Lembas Bread and Healing Services, with the per person quantities that are representative of a typical

Consider the economy of Lothlorien that produces only Lembas Bread and Healing Services, with the per person

Consider the economy of Lothlorien that produces only Lembas Bread and Healing Services, with the per person quantities that are representative of a typical urban consumer and prices described in the table below: Healing Services Lembas Bread 2021 Quantity Price 10 8 16 5 If 2022 is taken as the base year, what is the CPI for 2021? 2022 Quantity 15 20 Price 10 4

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