When the Price of Gasoline Rises,some Consumers Begin Riding Their

question 272

Multiple Choice

When the price of gasoline rises,some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars.The fact that the CPI does not fully account for such changes in consumer behavior is called

• A)outlet bias.
• B)increase in quality bias.
• C)substitution bias.
• D)discrimination bias.

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Definitions:

Overall Developmental Score

This is a composite measurement assessing the comprehensive developmental progress or status of an individual, often used in psychological and educational evaluations.

Motor Skills

Abilities that require the use of muscles to perform movements, often categorized into fine (small) and gross (large) motor skills.

Adaptive Behavior

A set of practical, social, and conceptual skills that people learn and perform to function in their everyday lives.

Achievement Test

A test designed to determine a person’s level of knowledge in a given subject area.