Using 2014 as the base​ period, compute a simple price index for each of the following commodities. Interpret your results.

Part 1: What is the simple price index for eggs from 2014 to 2015?
a) 101.23
b) 102.47
c) 99.01
d) 100.62

What is the simple price index for a parking pass from 2014 to 2015?
a) 110.30
b) 111.03
c) 112.15
d) 109.49

What is the simple price index for jewellery from 2014 to 2015?
a) 95.32
b) 96.62
c) 97.88
d) 94.79

Interpret your results. The price of eggs increased by enter your response here​% from 2014 to 2015. The price of a parking pass increased by enter your response here​% from 2014 to 2015. The price of jewellery decreased by enter your response here​% from 2014 to 2015.