Question

homework help please:

If the price of coffee increases, we get a positive rate of inflation, even if no other price rises. Is this really inflation?

Answer 1

Here is the table of price values:

Good Quantity Price
Coffee 3 lb -- -- --> $8/lb
Bread 3 loaves $1/loaf
Tea 1 lb $15/lb
Aspirin 1 200-tablet bottle $2/bottle
Cola 1 case $6/case

Answer 2

@bohotness

Answer 3

@bohotness

Answer 4

http://prntscr.com/6ivn15

Answer 5

@TheEdwardsFamily too

Answer 6

https://www.google.com/search?q=If+the+price+of+coffee+increases%2C+we+get+a+positive+rate+of+inflation%2C+even+if+no+other+price+rises.+Is+this+really+inflation%3F&rlz=1C1CHQB_enUS610US610&oq=If+the+price+of+coffee+increases%2C+we+get+a+positive+rate+of+inflation%2C+even+if+no+other+price+rises.+Is+this+really+inflation%3F&aqs=chrome..69i57&sourceid=chrome&es_sm=122&ie=UTF-8

Answer 7

im kinda stuck

Answer 8

I see :)
I'm going through the text book and other school stuff I have on my table.