If a 10% increase in the price of Lucky Charms cereal causes a 25% reduction in the number of boxes of cereal demanded, what is the price elasticity of demand for Lucky Charms cereal? Is demand for Lucky Charms elastic or inelastic?

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answerall of these;