Assume That Consumers Consider Rice and Potatoes to Be Substitutes,so

question 62

Multiple Choice

Assume that consumers consider rice and potatoes to be substitutes,so that when the price of rice rises,consumers purchase less rice and more potatoes.When the CPI is computed following the increase in the price of rice,it takes into account

• A)the increase in the price of rice.
• B)the decrease in the quantity of rice purchased and the increase in the quantity of potatoes purchased.
• C)Both (a)and (b)are correct.
• D)None of the above is correct.

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Definitions:

Vascular Tissue

A complex system of cells within plants that conducts water and nutrients through the plant body.

Parenchyma

A type of plant tissue composed of living cells, typically having large vacuoles, thin walls, and found in parts of the plant responsible for photosynthesis, storage, and transport.

Sieve-Tube Member

A cell found in the phloem of vascular plants, part of a system that transports sugars and other metabolic products downward from the leaves.

Vascular Tissue

The specialized tissue in plants that is involved in the transport of water and nutrients; it includes xylem and phloem.