Business, 18.10.2019 19:20 jamiehills399

Changes in the cpi overstate the true inflation rate due to four "biases". if apple prices rise rapidly during the month while orange prices fall, consumers may reduce their apple purchases and increase their orange purchases.
which of the four biases is concerned with this tendency?
a. the new product bias
b. the substitution bias
c. the increase in quality bias
d. the outlet bias

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Changes in the cpi overstate the true inflation rate due to four "biases". if apple prices rise rapi...

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