Michelle Bought Word-Processing Software in 2009 for $75

question 185

Multiple Choice

Michelle bought word-processing software in 2009 for $75.Michelle's cousin,Barry,bought an upgrade of the same software in 2010 for $75.To which problem in the construction of the CPI is this situation most relevant?

• A)substitution bias
• B)unmeasured quality change
• C)introduction of new goods
• D)income bias

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Definitions:

Behavioural Dimension

Relates to the behaviors and actions of individuals or groups, often considered in psychological, sociological, or organizational contexts to understand or predict outcomes.

Physical Action

An act or series of movements involving the body, often requiring strength, agility, or coordination.

Brand Experience

The perceptions and emotions a consumer associates with a brand across all touchpoints, encompassing both direct and indirect interactions.

Disclosure Requirements

Disclosure requirements refer to the obligations imposed on companies and organizations to provide essential information to stakeholders, ensuring transparency and informed decision-making.