Joe buys chicken and beef. If the price of beef rises and the price of chicken does not change, Joe will buy _ for the CPI.
A) more beef and create a new goods bias
B) more chicken and eliminate the commodity substitution bias
C) more chicken and create a commodity substitution bias
D) less chicken and beef and create a quality change bias
E) the same quantity of beef and chicken and create a commodity substitution bias
Correct Answer:
Verified
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