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Consider the following production data for a small economy and answer the below questions. (Note, 2012 is the base year). Price of Wine Quantity of

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Consider the following production data for a small economy and answer the below questions. (Note, 2012 is the base year). Price of Wine Quantity of Price of Olives Quantity of (per litre) Wine (per kg) Olives 2012 $2 100 $5 20 2013 $3 110 $6 20 2014 $2.5 120 $6 25Consider the following production data for a small economy and answer the below questions. (Note, 2012 is the base year). Price of Wine Quantity of Price of Olives Quantity of (per litre) Wine (per kg) Olives 2012 $2 100 $5 20 2013 $3 110 $6 20 2014 $2.5 120 $6 25

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