Suppose the Price of Banana Rises Over Time and Consumers

question 109

Multiple Choice

Suppose the price of banana rises over time and consumers respond by buying fewer bananas. This situation contributes to which bias in the consumer price index?

• A) Substitution bias.
• B) Transportation bias.
• C) Quality bias.
• D) Indexing bias.

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Definitions:

Substance

material with particular physical characteristics, an important concept in chemistry and physics.

Nuclear Medicine

A medical specialty involving the application of radioactive substances in the diagnosis and treatment of diseases.

Radiopaque Substance

A substance that does not allow X-rays to pass through and appears white or light on an X-ray film, used in medical imaging to highlight structures.

Radioactive Isotope

An isotope that exhibits radioactive decay, emitting radiation in the process.