-Consumers in a Country Buy Only Two Goods, Sneakers and \text

$$\begin{array} { l c c c c } { \text { Item } } & \begin{array} { c } \text { Quantity } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2009 ) \end{array} & \begin{array} { c } \text { Quantity } \\( 2010 ) \end{array} & \begin{array} { c } \text { Price } \\\mathbf { ( 2 0 1 0 ) }\end{array} \\\hline \text { Sneakers } & 2 & \$ 55 & 2 & \$ 60 \\\text { Manicures } & 1 & \$ 35 & 1 & \$ 40 \\\hline\end{array}$$
-Consumers in a country buy only two goods, sneakers and manicures.The prices and quantities purchased by urban households are in the table above.The reference base year is 2009.The inflation rate between 2009 and 2010 is

A) $15.
B) 15.0 percent.
C) $10.
D) 10.3 percent.
E) 9.0 percent.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free