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The CPI basket is bottles of juice and yards of cloth bottles of juice dollars worth of juiceThe people on Coral Island buy only juice
The CPI basket is bottles of juice and yards of cloth bottles of juice dollars worth of juiceThe people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2013. The average household spent $60 on juice and $30 on cloth in 2013 when the price of juice was $2 a bottle and the price of cloth was $5 a yard. In 2014, juice is $4 a bottle and cloth is $6 a yard. Calculate the CPI basket and the percentage of the household's budget spent on juice in 2013. The CPI basket is and
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