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When the Price of Gasoline Rises,some Consumers Begin Riding Their

Question 272

Multiple Choice

When the price of gasoline rises,some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars.The fact that the CPI does not fully account for such changes in consumer behavior is called


A) outlet bias.
B) increase in quality bias.
C) substitution bias.
D) discrimination bias.

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