Microeconomics,, 16th Canadian Edition

b. What is the percentage increase in the price of the book
between the base year and 2014?
c. What is the percentage increase in the price of the book
from 2016 to 2019?
d. Are the data listed above time-series or cross-sectional
data? Explain why.
8. Suppose you want to create a price index for the price of a
personal pizza across several Canadian university campuses, as of
March 1, 2019. The data are as follows:

University Price per Pizza

Dalhousie $6.50

Laval 5.95

McGill 6.00

Queen’s 8.00

Waterloo 7.50

Manitoba 5.50

Saskatchewan 5.75