A cash withdrawal reduces deposits, reserves, and excess reserves in the banking system

Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you would have purchased 30 units. What is most likely to have happened over the last year?

a. Demand has increased b. Demand has decreased c. Supply has increased d. Supply has decreased e. Quantity supplied has decreased

GoodPrice Increase Last YearAmusement park tickets5.0%Bowling balls4.2%Camouflage neckties3.1% Refer to Table 8.1, which gives hypothetical data on price changes for three goods. At which of the following overall rates of inflation would it be true that bowling balls became relatively cheaper?

A. ?1.5%. B. 4.2%. C. 3.5%. D. 4.5%.