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The following are prices for a commodity from 2017 to 2019: 2017 $5 2018 $8 2019 $7 Based on the above information, calculate the simple

The following are prices for a commodity from 2017 to 2019:

2017 $5
2018 $8
2019 $7

Based on the above information, calculate the simple price index for 2018 using 2017 as the base year

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