1. Examine the December Consumer Price Index for all urban consumers (CPI-U) for the last 10 years. Plot the CPI-U data on a graph, making sure to accurately label each axis. ( https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm )

When you are finished, insert your graph by clicking on the image icon in the space below. If you need help with this feature, please review the Inserting Images into Worksheets tutorial.

1. Based on this graph, explain how demand and supply have been affected by the CPI trend over the last 10 years.