After thirteen years as a laborer for Hendrix Construction, Jimmy was promoted to the position of foreman. He is directly respon
1 answer:
You might be interested in
Answer:
a. less ice cream, less coffee
Explanation:
The percentage change in CPI is given by:
The percentage change in the prices of coffee and ice cream, respectively, are:
Both coffee and ice cream had an increase in price above the CPI increase, which means that both goods are being sold above the equilibrium price and thus their demand is likely to fall.
People likely will buy less ice cream, less coffee