Suppose that people consume only three goods, as shown in this table: [Refer the attachment]a. What is the percentage change in the price of eachof the three goods? What is the percentage change in the overall price level?b. Do tennis racquets become more or less expensive relative to Gatorade? Does the well-being of some people change relative to the well-being of others? Explain.
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2401100102002602100102002001 price2001 quantity2002 price2002 quantityTennis ballsTennis RacquestsGatorade
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