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hi expert quick answer please no explanation required A consumer has two goods In his consumption bundle: bread and coffee. The current price of bread

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hi expert quick answer please no explanation required

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A consumer has two goods In his consumption bundle: bread and coffee. The current price of bread is $3.00 per loaf and the price of coffee is $0.75 por cup. This consumer currently buys 2 loaves of bread per week and 5 cups of coffee Suppose that the price of bread increases by 20% and the price of coffee increases by 5% Using this current consumption bundle. calculate the value of the CPI for this consumer. CPI = (enter your response rounded to two decimal places) By how much would a consumer's Income need to change (in percentage terms) to compensate for these higher prices? o (enter your response as a percentage rounded to two decimal places) If the demand elasticity is - 1 at the initial equilibrium and price increases by 1%, by how much does revenue change? With the 1% price increase, the revenue changes by %. (Enter a numeric response using a real number rounded to two decimal places.)

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