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Compute the index for the price of eggs

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Question - Using 2014 as the base? period, compute a simple price index for each of the following commodities. Interpret your results.

 

2014

2015

Eggs

$1.74

$1.77

Parking pass

$1.74

$96.48

Clothing

$1541.75

$1491.87

Required - Compute the index for the price of eggs?

Reference no: EM132697768

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