Suppose the Price of a Gallon of Ice Cream Rises

question 54

Multiple Choice

Suppose the price of a gallon of ice cream rises from $4 to $5 and the price of a can of coffee rises from $2 to $2.50.If the CPI rises from 150 to 177,then people likely will buy

• A)more ice cream and more coffee.
• B)more ice cream and less coffee.
• C)less ice cream and more coffee.
• D)less ice cream and less coffee.

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Definitions:

Home

A place of residence where individuals or families live, providing a sense of comfort, security, and belonging.

On-task

The state of focusing and actively engaging in a particular task or activity.

Off-task

Behavior or activity that is not focused on the task or objective at hand, often resulting in decreased productivity or learning.

Behavior

The actions, reactions, or mannerisms made by an organism, individual, or system in response to the environment or stimuli.