Assume that consumers consider coffee and tea to be substitutes,so that when the price of tea rises,consumers purchase less tea and more coffee.When the CPI is computed following the increase in the price of tea,it takes into account

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The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay for a basket of goods and services. It takes into account the increase in the price of tea but does not directly account for changes in consumption patterns like the decrease in tea purchased or the increase in coffee purchased.

Assume That Consumers Consider Coffee and Tea to Be Substitutes,so