When Discussing the CPI,the Term "Commodity Substitution Bias" Refers to Changes

question 254

Multiple Choice

When discussing the CPI,the term "commodity substitution bias" refers to changes in

• A)prices that lead business to change the items they buy.
• B)quantities that lead households to change the items they buy.
• C)prices that lead households to change the items they buy.
• D)income that lead households to change the items they buy.
• E)stores so that consumers switch from one store to another.

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