Suppose over the last year that the price of iron ore increased from $1,200 a ton to $1,275 a ton. over the same time a measure of the overall price level increased from 150 to 156. the price of iron ore increased by a. more than inflation, so it became more scarce. b. less than inflation, so it became less scarce. c. less than inflation, so it became more scarce. d. more than inflation, so it became less scarce.

Describe how to write a main idea expressed as a bottom-line statement

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.

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