Look at the scenario II. What is the rate of inflation betwe…

Look at the scenario II. What is the rate of inflation between 2016 and 2017?  Scenario II: Suppose a market basket consists of the following goods: 50 pens 25 notepads 25 paperclips Also assume that the price per unit for these goods is as follows for the years noted, and 2016 is the base year. Quiz 11.png