The Wall street Journal publishes an index of the prices of luxury homes in various U.S. Cities. The base year for index is January 2000. Here are the indexes for December 2005 and December 2006.

City

December 2005

December 2006 New York 184.6 193.1 Los Angeles 223.9 226.7 Chicago 153.4 157.1 Seattle 147.4 159.1

a. In which city did the prices of luxury homes increase the most during this year? b. Can you determine on the basis of these numbers which city had most expensive luxury homes in December 2006? Briefly explain.

X V + Can you determine on the k G uic_econ121_2015summer_| Homework Help - Q&A fror |X Week 3-Exercices..pdf PDF . . . G file:///C:/Users/sarah.fa/Desktop/ECON%20202/ECON%20202%20HW/Week%203-Exercices.pdf O SO Wlbollo aolio! / Jlegobelis A" | wall joss ID 3 Kabsah 10 2.00 2.45 2.40 DVDs 6 15.00 15.00 14.00 3. The Wall street Journal publishes an index of the prices of luxury homes in various U.S. Cities. The base year for index is January 2000. Here are the indexes for December 2005 and December 2006. December December City 2005 2006 New York 184.6 193.1 Los Angeles 223.9 226.7 Chicago 153.4 157.1 Seattle 147.4 159.1 a. In which city did the prices of luxury homes increase the most during this year? b. Can you determine on the basis of these numbers which city had most expensive luxury homes in December 2006? Briefly explain. W PM 37:2 2/15/2020 ENG ? P e coull lis wisl O