Which of These Events Would Cause the Consumer Price Index

question 57

Multiple Choice

Which of these events would cause the consumer price index to overstate the increase in the cost of living?

• A)Car makers benefit from a new technology that allows them to sell higher-quality cars to consumers with no increase in price.
• B)Energy prices decrease,and consumers respond by buying more gas and electricity.
• C)A new good is introduced that renders cellular telephones inferior and obsolete.
• D)All of the above are correct.

---

Definitions:

Superbowl Ads

Superbowl Ads are high-profile advertisements featured during the Super Bowl, the annual championship game of the NFL, known for their large viewership, high production value, and significant impact on advertising trends.

Doritos

A popular brand of flavored tortilla chips introduced by Frito-Lay, known for its variety of bold and cheesy flavors.

Demographics

Statistical data relating to the population and particular groups within it, such as age, gender, income, and education.

Marketing Opportunities

Situations or conditions favorable for reaching specific marketing objectives or introducing new products or services.