Suppose the average consumer divides up his expenditure between bread, meat, milk and cigarettes in the ratio 4:3:2:1. During the course of a year, the price of bread falls by 10% while that of meat rises by 20% and those of milk and cigarettes both increase by 10%. What is the increase in the price level during the year?
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment