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The market basket (canasta bsica) of a country is composed of only three products. Information of years 2020 and 2021 demand and prices of the
The market basket (canasta bsica) of a country is composed of only three products. Information of years 2020 and 2021 demand and prices of the three products is as shown below. Year 2021 Year 2022 Cost per unit Average demand Cost per unit Average demand Product 1 $4.00 10 Product 1 $5.00 11 Product 2 $1.00 30 Product 2 $1.00 27 Product 2 $8.00 15 Product 2 $10.00 12 What was the CPI of 2022, relative to year 2021
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