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Mark t , e 2010 Price 2011 price Commodity Basket . , . per Unit per unit Quantity Milk 10 gallons $2.00 $2.50 Eggs 10

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Mark t , e 2010 Price 2011 price Commodity Basket . , . per Unit per unit Quantity Milk 10 gallons $2.00 $2.50 Eggs 10 dozen $2.00 $3.00 Bread 10 loaves $2.00 $3.00 Use the Table above to answer the following questions. (Where applicable, round your answers to two decimal places) a) If 2010 is the base year in the table shown above, the price index for the year 2010 is b) If 2010 is the base year in the table shown above, the price index for the year 2011 6) Considering the data in the table shown above and 2010 as the base year, the ination rate in 2011 is %

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