If there is an increase in the price of apples which causes consumers to purchase fewer kilograms of apples and more kilograms of oranges, the CPI will suffer from ? | MCQ Hive

Economics Mcqs

Q If there is an increase in the price of apples which causes consumers to purchase fewer kilograms of apples and more kilograms of oranges, the CPI will suffer from ?

A A. None of these answers
B B. Substitution bias
C C. Base year bias
D D. Bias due to unmeasured quality change

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