Question four (10 marks) Consider an economy that produces only four types of fruit: apples, oranges, pineapples and ban

[answerhappygod]

Question Four 10 Marks Consider An Economy That Produces Only Four Types Of Fruit Apples Oranges Pineapples And Ban 1 (152.62 KiB) Viewed 11 times

Question four (10 marks) Consider an economy that produces only four types of fruit: apples, oranges, pineapples and bananas. In the base year (2012), the production and price data were as follows: Fruit Apples Bananas Pineapples Oranges Quantity 3,000 bags 6,000 bunches 4,000 8,000 bags Price $2 per bag $3 per bunch $1.5 per $4 per bag In the current year (2015), the production and price data are as follows: Fruit Apples Bananas Pineapples Oxanges Quantity 1000 hond