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    Understanding Business Study Set 3
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    Exam 2: Understanding Economics and How It Affects Business
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    If Consumers See a Measurable Increase in the Price of Coffee
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If Consumers See a Measurable Increase in the Price of Coffee

Question 3

Question 3

Multiple Choice

If consumers see a measurable increase in the price of coffee, they are likely to change their consumption to less expensive tea. These substitutions would show-up in the .


A) Chained Consumer Price Index
B) Remedial Price Index
C) Core Inflation Index
D) Numerical Cost Index

Correct Answer:

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