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21 Oct 2020

Robby consumes only carrots and potatoes. In 2019, carrots cost $1 each, potatoes cost $2 each, and Robby buys 50 carrots and 100 potatoes. In 2020, carrots cost $2, potatoes cost $1, and Robby buys 150 carrots and 50 potatoes. Consider 2019 as the base year wherein the consumer basket is fixed. What was Robby’s nominal spending on vegetables each year?

$150 in 2019 and $350 in 2020

$250 in 2019 and $350 in 2020

$350 in 2019 and $250 in 2020

$250 in 2019 and $150 in 2020

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Kristelle BalandoLv10

21 Oct 2020

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