Table: Peanut Butter and Jelly Peanut Butter Jelly $49 $62 $42 Price in 2012 $1 $2 Price in 2013 $1.10 $2.25 Price in 2014 $1.20 $2.50 Use Table: Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. What is the value of the market basket in 2014? $44.50

Table: Peanut Butter and Jelly Peanut Butter Jelly $49 $62 $42 Price in 2012 $1 $2 Price in 2013 $1.10 $2.25 Price in 2014 $1.20 $2.50 Use Table: Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. What is the value of the market basket in 2014? $44.50

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter24: Measuring The Cost Of Living

Section: Chapter Questions

Problem 2PA

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12. Fill in the blank
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