Suppose the typical consumer only purchases food and clothing, and her utility can be expressed as 
. Currently, food costs $5 per unit and clothing costs $2 per unit. Her income is $70. If the price of food increases to $6, compare the resulting Laspeyres price index with a true cost of living index.
Definitions:
Attitude Accessibility
The ease with which an attitude can be retrieved from memory, influencing how quickly and consistently it is expressed.
Attitudes
The inclination to judge a certain entity positively or negatively, reflecting an individual's psychological leanings.
Mere Exposure
A psychological phenomenon where individuals develop a preference for something simply because they are familiar with it.
Imitate Behaviors
The act of copying or mimicking the actions, mannerisms, or conduct of others.
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