Multiple Choice
Samantha goes to the grocery store to make her monthly purchase of ginger ale.As she enters the soft drink section,she notices that the price of ginger ale has been raised by 15 percent,so she decides to buy some peppermint tea instead.Which problem in the construction of the CPI is this situation most relevant to?
A) substitution bias
B) introduction of new goods
C) unmeasured quality change
D) income effect
Correct Answer:
Verified
Correct Answer:
Verified
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