When the price of broccoli increases relative to cauliflower, people who buy fresh vegetables respond by buying more cauliflower and less broccoli. As a result, the CPI has
A) a new price bias.
B) a new goods bias.
C) an outlet substitution bias.
D) a quality change bias.
E) a commodity substitution bias.
Correct Answer:
Verified
Q34: The commodity substitution bias is most likely
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