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gcc.instructure.com/courses/28938/quizzes/14 upria LULI Chapter 7 Application Exercise Part 1 Question 1 ENDALE Home Started: Mar 7 at 6:45pm Question 2 LEGE Grades Quiz Instructions Question 3 Question 4 Modules Question 5 unt Announcements Question 6 D Question 1 0.5 pts Discussions Time Elapsed: Hide ard Secure Exam Proctor Attempt due: Mar 7 at 11 (Proctorio) The table below details the individual Consumer Price Indices (CPI) for individual expenditure 1 Hour, 6 Minutes, 5 categories for 2016 and 2017: GCC Student Services CPI Category 2016 2017 Price Change Office 365 Free Online Gasoline 195.915 216.781 Tutoring! GCC Library Apparel 122.637 120.614 College textbooks 346.15 342.34235 What was the price change between 2016 and 2017 in the gasoline expenditure category? 10.65% O 216.781% 110.65% 195.915% chapter 7 no....pdf iVAT Chapter 6....pdfvas | X QUIZ: ure.com/courses/28938/quizzes/149266/take Deman because as prices rose we saw a reduction in the quantity demanded in the market. This led to the reduction in crude oil inventory levels and the production disruptions. 0.5 pts D Question 3 CPI Category 2016 2017 Price Change Gasoline 195.915 216.781 Apparel 122.637 120.614 College textbooks 346.15 342.34235 What was the price change between 2016 and 2017 in the apparel expenditure category? O 1.65% O -1.65% O -10.65% 3.65% D Question 4 0.5 ptsQuiz: Cha X Course H X Course H X Canvas | x Quiz: Cha x G Which of X GZ c.instructure.com/courses/28938/quizzes/149266/take O Supply. This is due to a reduction in overall competition in the low priced apparel market. Demand because consumers tastes and preferences shifted to higher priced apparel items. D Question 5 0.5 pts CPI Category 2016 2017 Price Change Gasoline 195.915 216.781 Apparel 122.637 120.614 College textbooks 346.15 342.34235 What was the price change between 2016 and 2017 in the college textbooks expenditure category? O -1.1% 5.35% O -10.25% O 1.1% D Question 6\fCanvas | x Quiz: Che x G Which of x Quiz: Cha x Course H x | Course H x | Paraphrase x | E ARTH - G x | Georges X Weekly D X a cc.instructure.com/courses/28938/quizzes/149266/take Uppdatera : The United States is running out of teenagers. For two decades, college enrollment grew and grew, bolstered by the coming-of-age of the enormous Millennial generation. But today, the number of young people going to college is in decline. It's not that today's teenagers hate higher education; the share of recent high school graduates going on to college has barely budged. Instead, there are simply fewer recent- high school grads overall, due to declining birth rates. More than half of colleges and universities say their number of students has declined. Questions: Based on the excerpt, was the decrease in the college textbooks expenditure category CPI due to a change in supply or demand in the market? Demand. This is because of an increase in the number of new entrants into college. Supply. This is because the price of materials that go into textbook production has decreased. Demand. This is due to the fact that demand has declined for college textbooks because of a decline in recent high school graduates and declining birth rates. O Supply. This is due to the fact that demand has declined for college textbooks because of a decline in recent high school graduates and declining birth rates. df iVAT Chapter 6...pdf Visa alla X