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Posted on Jul 07, 2024

Suppose hair cuts cost $20 last year and $30 this year, and the overall price index rose from 110 last year to 120 this year.

Suppose hair cuts cost $20 last year and $30 this year, and the

overall price index rose from 110 last year to 120 this year.

How much did 1000 hair cuts

cost in the Base year? ( Can you please provide explanation)

a. $11,000.

b. $12,000.

c. $25,000.

d. $30,000.

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