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21 Oct 2020
Robby consumes only carrots and potatoes. In 2019, carrots cost $1 each, potatoes cost $2 each, and Robby buys 50 carrots and 100 potatoes. In 2020, carrots cost $2, potatoes cost $1, and Robby buys 100 carrots and 50 potatoes. Consider 2019 as the base year wherein the consumer basket is fixed. What is Robby’s real spending on vegetables for 2020?
-
-
$150
-
$250
-
$350
-
$450
Robby consumes only carrots and potatoes. In 2019, carrots cost $1 each, potatoes cost $2 each, and Robby buys 50 carrots and 100 potatoes. In 2020, carrots cost $2, potatoes cost $1, and Robby buys 100 carrots and 50 potatoes. Consider 2019 as the base year wherein the consumer basket is fixed. What is Robby’s real spending on vegetables for 2020?
-
-
$150
-
$250
-
$350
-
$450
-
Kristelle BalandoLv10
21 Oct 2020
