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The male college student price index is a bundle of 20 Pizzas and 2 cases of beer In Year 1 Pizza costs $8 each and beer costs $15 per case In Year 2 Pizza costs $9 each and beer costs

The male college student price index is a bundle of 20 Pizzas and 2 cases of beer. In Year 1, Pizza costs $8 each and beer costs $15 per case. In Year 2, Pizza costs $9 each and beer costs $17 per case.

With Year 2 as the Base Year, the Price Index in Year 1 = _____

a)77.7
b)88.8
c)111.1
d)122.2

May 07 2020 View more View Less

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