economics

1. Suppose that people consume only three goods, as shown in the table below: Hockey Pucks Hockey Sticks Powerade 2018 Price $150 2018 Quantity 100 20 2019 Price $200 2019 Quantity 100 20 a. What is the percentage change in the price of each of the three goods? What is the percentage change in the overall price level? b. Do hockey sticks become more or less expensive relative to Powerade? Does the wellbeing of some people change relative to the wellbeing of others? Explain. 1. A single copy of the Journal cost $0.25 to purchase in 1970 and $1.05 in 2020. The average wage in manufacturing in was $3.45 in 1970 and $22.75 in 2020. o By what percentage did the price of a newspaper rise? 0 By what percentage did the wage rise? 0 In each year, how many minutes does a worker have to work to earn enough to buy a paper? 0 Did workers' purchasing power in terms of newspapers rise or fall