An asset's liquidity refers to its ability to be:

For U.S. consumers, the income elasticity of demand for fruit juice is 1.1. If the economy enters a recession next year and consumer income declines by 2.5%, what is the expected change in the quantity of fruit juice demanded next year?

+2.75% -27.5% +27.5% -2.75%

The CPI bias arises from all of the following items except ________

A. the introduction of new goods and services B. the improved quality of goods C. the goods and services bought by poor people D. consumers' responses to price changes