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Table 23-10 A hypothetical country of Lahland produces only movies and popco...
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Table 23-10A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2015 .
Prices and Quantities
Year | Price ofMovies | Quantity of Movies | Price of Popcorn | Quantity ofPopcorn |
2014 | $10.00 | 500 | $5 | 1000 |
2015 | $11.00 | 600 | $4 | 900 |
2016 | $12.00 | 650 | $5 | 950 |
2017 | $12.00 | 625 | $6 | 925 |
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