This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by ... (Read 17 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. If the current year is 2012, the cost of the CPI market basket in 2012 is
 
  A) 3,400. B) 3,508. C) 3,580. D) 3,500. E) 3,588.

Question 2

People consume more soup as temperatures falls. So, as cold weather approaches,
 
  A) the demand for soup increases.
  B) people move farther beyond their demand curves.
  C) the quantity of soup demanded increases.
  D) people move closer to their demand curve for sou


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


cool

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
:D TYSM

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Do you know why ballpoint pens caps have that small hole? Do you know why ballpoint pens caps have that small hole?
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library