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Author Question: Suppose that the CPI basket contains only 40 heads of cauliflower and 60 bunches of broccoli. If the ... (Read 25 times)

faduma

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on: Jun 30, 2018
Suppose that the CPI basket contains only 40 heads of cauliflower and 60 bunches of broccoli. If the price of cauliflower goes down by 1 per head and the price of broccoli goes up by 1 per bunch, then
 
  A) the CPI decreases.
  B) the CPI does not change.
  C) the CPI increases.
  D) the CPI might increase or decrease depending how the quantities are affected by the price changes.
  E) There is not enough information to answer this question.

Question 2

Figure 4.5 illustrates a set of supply and demand curves for hamburgers. A decrease in supply and a decrease in quantity demanded are represented by a movement from
 
  A) point c to point a. B) point c to point d. C) point b to point c. D) point a to point d.


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reelove4eva

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


faduma

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Sarahjh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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