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please answer The monthly market basket for consumers consists of pizza, t-shirts, and rent. The table below shows market basket quantities and prices for the
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The monthly market basket for consumers consists of pizza, t-shirts, and rent. The table below shows market basket quantities and prices for the base year (Year 1) and in the following year. Base Year (Year 1) Price in the Price in Product Quantity Base Year Year 2 Pizza 15 $3.00 $3.75 T-Shirts 2 $20.00 $18.00 Rent 1 $400.00 $440.00 In Year 1, the CPI for the economy is (Round both answers to one decimal place.) In Year 2, the CPI for this economy isStep by Step Solution
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