A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke machines and CDs, in the following amounts:
Karaoke Machines CDs
Quantity Price Quantity Price (Dollars)
2020 20 50 60 5
2021 21 70 80 6
Using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is
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A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke...
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