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Wheat Fish Melons Year Price Quantity Price Quantity Price Quantity 2012 $20 100 $3 200 $2 400 $22 $4 ES 2013 120 225 415 2014 $25 125 $5 210 $4 375

by | Nov 29, 2023 | economics

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The economy of Smallville produces three goods: wheat, fish, and melons. The accompanying table shows the prices and output of the three goods for the years 2012, 2013, and 2014.

WheatFishMelonsYearPriceQuantityPriceQuantityPriceQuantity2012$20100$3200$2400$22$4ES20131202254152014$25125$5210$4375

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