The Consumer Price Index Is a Measure of

Multiple Choice

The consumer price index is a measure of

A) the average of the prices paid by urban consumers for a fixed basket of consumer goods and services.
B) the commodity prices paid by urban consumers for a fixed basket of consumer goods and services.
C) the consumer prices paid by average households for a fixed basket of goods and services.
D) the average of the prices paid by rural consumers for a fixed basket of consumer goods and services.
E) the lowest prices paid by urban consumers for a fixed basket of consumer goods and services.