Table 13-2 -Refer to Table 13-2

Table 13-2
$$\begin{array}{c} \quad \quad \quad\text { Base Year (2006) } \quad \quad 2013\\\begin{array} { | l | c | c | c | } \hline \text { Product } & \text { Quantity } & \text { Price } & \text { Price } \\\hline \text { Milk } & 50 & \$ 1.20 & \$ 1.50 \\\hline \text { Bread } & 100 & 1.00 & 1.10 \\\hline\end{array}\end{array}$$
-Refer to Table 13-2.Assume the market basket for the consumer price index has two products - bread and milk - with the following values in 2006 and 2013 for price and quantity: The Consumer Price Index for 2013 equals

A) 118.
B) 116.
C) 86.
D) 85.

Correct Answer:

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