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Introduction to law and the legal system 10th edition

28/04/2021 Client: muhammad11 Deadline: 2 Day

The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2010, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 2011, they buy 75 heads of cauliflower for $225, 80 bunches of broccoli for $120, and 500 carrots for $100.
a. Calculate the price of each vegetable in each year.
b. Using 2010 as the base year, calculate the CPI for each year.
c. What is the inflation rate in 2011?

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