Multiple Choice
If there is an increase in the price of apples, which causes consumers to purchase fewer kilograms of apples and more kilograms of oranges, the CPI will suffer from
A) consumer preference bias.
B) substitution bias.
C) base year bias.
D) bias due to unmeasured quality change.
E) bias due to the introduction of new goods.
Correct Answer:

Verified
Correct Answer:
Verified
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