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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 35 times)

OSWALD

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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.


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reelove4eva

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


OSWALD

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ttt030911

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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