Chapter 15,16

# 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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