Question

Suppose that people consume only three goods, as shown in this table: Tennis Balls Golf Balls Bottles of Gatorade 2020 price Rs.200 Rs.400 Rs.100 2020 quantity 200 200 300 2021 price Rs.200 Rs.600 Rs200 2021 quantity 200 200 300 What is the percentage change in the price of Tennis Balls? What is the percentage change in the price of Golf Balls? What is the percentage change in the price of Bottles of Gatorade? Using a method similar to the CPI, compute the percentage change in the overall price level

Answer 1

Explanation:

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Answer 2

Answer to this question is ₹460@