Ask Question
6 July, 09:58

Choose the correct statement.

A. The CPI calculation assumes that everyone shops at discount stores and no one shops at convenience stores.

B. When the quality of a good improves over time, the CPI does not include the portion of the price rise attributable to the higher quality in its calculation.

C. Changes in relative prices lead consumers to change the items they buy, and the CPI reflects this substitution.

D. The outlet substitution bias injects an upward bias into the CPI.

+5
Answers (1)
  1. 6 July, 11:07
    0
    D. The outlet substitution bias injects an upward bias into the CPI
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Choose the correct statement. A. The CPI calculation assumes that everyone shops at discount stores and no one shops at convenience stores. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers