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following information is on food items for the years 2000 and 2016

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following information is on food items for the years 2000 and 2016.    2000  2016Item Quantity Price   Price Quantity

Margarine (pound) $0.81   18   $2.00   27 

Shortening (pound)  0.84   5   1.88   9

 Milk (1/2 gallon)  1.44   70    2.89   65

 Potato chips  2.91   27     3.99   33 

 

 

Compute a simple price index for each of the four items. Use 2000 as the base period. (Round your answers to 2 decimal places.)