Homework Answers
Answer : For CPI :
Cost of market basket in week 1 = Quantity of goods of week 1 * Price of goods of week 1
=> Cost of market basket in week 1 = (12 * 3) + (1 * 30) + (30 * 1.75) = 36 + 30 + 52.50 = $118.50
Therefore, here for CPI the cost of market basket for Suzie in week 1 is $118.50 .
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