Last year the price of corn was $3 a bushel and the quantity of corn demanded was 10 million bushels. this year the price of corn was $4.00 a bushel and the quantity demanded was 9 million bushels. is this evidence that the law of demand does not apply to corn?

answer is i don't know

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi