Manufactured diamonds have become a big and virtually indistinguishable from the best natural diamonds. suppose consumers change from believing that manufactured diamonds, q1, were imperfect substitutes for natural diamonds, q2, to perfect substitutes, so that their utility function becomes u(q1,q2)=q1+q2. what effect will that have on the demand for manufactured diamonds? derive the new demand curve for manufactured diamonds and draw it.

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