Chapter 15,16 - of 3 pounds of pork and 4 bushels of corn Year Price of Pork Price of Corn 2008 $20 per pound $12 per bushel 2009 $25 per pound $18

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The table below contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2005 . Year Price of Pretzels Quantity of Pretzels Price of Books Quantity of Books 2005 $4.00 90 $1.50 150 2006 $4.00 100 $2.00 180 2007 $5.00 120 $2.50 200 2008 $6.00 150 $3.50 200 Table 1 The table below pertains to Iowan, an economy in which the typical consumer’s basket consists
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Unformatted text preview: of 3 pounds of pork and 4 bushels of corn. Year Price of Pork Price of Corn 2008 $20 per pound $12 per bushel 2009 $25 per pound $18 per bushel Table 2...
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This note was uploaded on 06/15/2011 for the course ECON 224 taught by Professor Ozturk during the Fall '09 term at South Carolina.

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