If August futures for a commodity are currently trading at $9.30/bu, and you expect the basis in July to be $0.25/bu under the August futures, then you expect the July cash price to be:

Rank these three items in terms of the elasticity of the demand for them at any given price, from most elastic to least elastic: hot beverages, coffee and Peet's Coffee

A) hot beverages, coffee, Peet's Coffee B) coffee, Peet's Coffee, hot beverages C) Peet's Coffee, coffee, hot beverages D) coffee, hot beverages, Peet's Coffee

The consumer price index is the

A) average of the prices of new final goods and services produced in the economy over a period of time. B) cost of a market basket of goods and services typically consumed in the base year. C) cost of a market basket of goods and services typically consumed in the current period. D) average of the prices of the goods and services purchased by a typical urban family of four.