# economics help!!!

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5.1998 Price Quantity
cauliflower \$200 100
broccoli \$ 75 50
carrots \$ 50 500
Total \$325

Weight of each good
weight for cauliflower 200/325= 0.61532
weight for broccoli 75/325= 0.2307692
weight for carrots 50/325=0.1538461

Prices in the base year
cauliflower 200/100=\$2
broccoli 75/50=\$1.5
carrots 50/500=\$0.1

1999 Price Quantity
cauliflower \$225 75
broccoli \$120 80
carrots \$100 500
Total \$445

Weight of each good
weight for cauliflower 225/445=0.5056179
weight for broccoli 120/445=0.2696629
weight for carrots 100/445=0.2247191
Prices in the base year
Cauliflower 225/75=\$3
broccoli 120/80=\$1.5
carrots 100/500=\$0.2

Percentage change in price
Cauliflower \$2 to \$3 50% increase
Broccoli \$1.5 to \$1.5 0% change
Carrots \$0.1 to \$0.2 0.5% increase
ARE THESE PERCENTAGE CHANGE IN PRICE CORRECT???

They look good to me except for the last one...is it 0.1 to 0.2 equal to 0.5% increase or 100% increase...hmmm

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