Author Question: The figure above shows Clara's demand for CDs. If the price of a CD were to increase from 15 to 25, ... (Read 34 times)

OSWALD · **on:** Jun 29, 2018

The figure above shows Clara's demand for CDs. If the price of a CD were to increase from 15 to 25, Clara's total consumer surplus for all the CDs she buys would

A) decrease by 40.
B) remain unchanged.
C) decrease by 90.
D) increase by 80.

Question 2

If the Consumer Price Index last year was 110 and 115 this year, the inflation rate is approximately

A) 4.5 percent.
B) 5.0 percent.
C) 10.0 percent.
D) 15.0 percent.