(Solved):Q: b. Covid 19 pand…



b. Covid 19 pandemic has force the people in the economy Love & Laughter, to consume only 2 goods, food and clothing. The CPI is derived from the market basket of goods which consists of 25 units of food and 5 units of clothing.
FOOD Clothing
2018 price per unit $8 $20
2019 price per

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