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2 days ago

The output produced in bushels and the prices of this output ($/bushel) over the last three years for Seth Johnson, a farmer in Amarillo, Texas, are as follows:





 
 
   
   
   
 
 
YearOutput (bushels)Price ($/bushel)


 
 
   
   
   
 
 
201070,000$3.20


 
 
   
   
   
 
 
201175,000$2.90


 
 
   
   
   
 
 
201280,000$3.50


Let the base year be 2011. Relative to 2011, the price of this commodity in 2012 was higher by ________ percent.



• 20.69

• 9.38

• 82.86

• 12.9
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Introduction to Agricultural Economics
Edition: 7th
Authors:
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wrote...
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2 days ago
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20.69
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2 days ago
Thank you, thank you, thank you!
wrote...
2 days ago
You're welcome
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