Multiple Choice
When discussing the CPI,the term "commodity substitution bias" refers to changes in
A) income that lead households to change the items they buy.
B) prices that lead households to change the items they buy.
C) prices that lead businesses to change the items they buy.
D) stores so that consumers switch from one store to another.
E) quantities that lead households to change the items they buy.
Correct Answer:

Verified
Correct Answer:
Verified
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