If we were most interested in the impact of price changes on consumers, we would examine the consumer price index (CPI).

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a basket of consumer goods and services. It is used to track inflation and is often used to examine the impact of price changes on consumers. Therefore, if we were most interested in the impact of price changes on consumers, we would examine the consumer price index (CPI).

If We Were Most Interested in the Impact of Price