In the Calculation of the CPI,coffee Is Given Greater Weight

question 319

Multiple Choice

In the calculation of the CPI,coffee is given greater weight than tea if

• A) consumers buy more coffee than tea.
• B) the price of coffee is higher than the price of tea.
• C) it costs more to produce coffee than it costs to produce tea.
• D) coffee is more readily available than tea is to the typical consumer.

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