Solved: Also suppose that batteries represent 42 of the economy, Business Management

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Also suppose that batteries represent 42 of the economy

Suppose that the price of batteries rose by 3.8%, the price of flashlights rose by 9.1% and the price of lightbulbs did not rise at all. Also, suppose that batteries represent 42% of the economy, flashlights represents 49% of the economy, and lightbulbs represent the rest.

Calculate the average inflation rate in this economy? Express it as a percentage with two decimal places.

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Business Management: Also suppose that batteries represent 42 of the economy

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Business Management: Also suppose that batteries represent 42 of the economy

Reference No:- TGS02345905

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