B. If the price of bread doubles, what is the resulting percentage change in the price level? (2 points) 3% C. Why is the effect of a 100% increase in the price of coffee so much greater than the effect of a similar change in the price of bread? (4 points) The effect is so much greater because coffee is 8 times more expensive than bread, so when it doubles, it makes a much larger impact on the total price level. D. Assume that the mix of goods in a basket is kept constant for long periods. If the price of one good rises very rapidly over several years, what will happen to the relative importance of the other goods in the basket? Is this a problem? (6 points) If one good become much more expensive and the rest remain constant, the other goods will be less important because they will account for a much smaller portion of the total price level