5. In the given economy the market basket consists of 5 hamburgers, 2 bikes and 6 milk shakes. You are given the followi

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5 In The Given Economy The Market Basket Consists Of 5 Hamburgers 2 Bikes And 6 Milk Shakes You Are Given The Followi 1 (542.05 KiB) Viewed 35 times

5. In the given economy the market basket consists of 5 hamburgers, 2 bikes and 6 milk shakes. You are given the following information about prices of these three goods for the years 2008, 2009, and 2010. Assume the price is the price per unit. CPI for 2008 and 2009 taking 2010 as the Base Year EF Price in 2008 Price in 2009 Price in 2010 Hamburger $4.00 SS.00 $5.00 Bike S500.00 S520.00 S540.00 Milk Shakes $2.00 $250 $2.00 100.39 and 100 90.39 and 102 92.39 and 96.69 103.39 and 96.69