Technological innovations in consumer products make it difficult to compare market baskets over time.

Question

Quizplus · Accepted Answer

Technological advancements can lead to changes in the products available in the market, which can make it difficult to compare market baskets over time. For example, the introduction of smartphones and tablets has changed the way consumers communicate and access information, which can affect the types of goods and services that they purchase. As a result, it can be challenging to create a consistent market basket over time that accurately reflects changes in consumer preferences and purchasing patterns.

Technological Innovations in Consumer Products Make It Difficult to Compare