Table 24-4
The table below pertains to Studious, an economy in which the typical consumer's basket consists of 5 books and 10 calculators. 
-Refer to Table 24-4. If 2012 is the base year, then the consumer price index was
Definitions:
Total Revenue
The complete amount of income generated by the sale of goods and services before any expenses are deducted.
Unit Elastic
A situation in economics where a percentage change in price causes an equal percentage change in quantity demanded or supplied.
Elasticity
A measure in economics of how much the quantity demanded or supplied of a good changes in response to changes in its price or other factors.
Substitutes Available
Products or services that can be used in place of one another, providing consumers with choices in the marketplace.
Q33: Refer to Table 24-7. If the base
Q81: Over the last century, U.S. real GDP
Q145: When the consumer price index is computed,
Q166: While GDP includes tangible goods such as
Q210: When new goods are introduced, consumers have
Q290: Elizabeth just received her Ph.D. in economics
Q307: Which of the following statements is correct?<br>A)
Q396: To which of the problems in the
Q444: When looking at a graph of nominal
Q494: In addition to the consumer price index,