Joe Buys Chicken and Beef

question 59

Multiple Choice

Joe buys chicken and beef.If the price of beef rises and the price of chicken does not change,Joe will buy ________ for the CPI.

• A)more beef and create a new goods bias
• B)more chicken and create a commodity substitution bias
• C)the same quantity of beef and chicken and create a commodity substitution bias
• D)less chicken and beef and create a quality change bias
• E)more chicken and eliminate the commodity substitution bias