An example of the quality change bias, and not a new goods bias, in the calculation of the CPI is a price increase in
A) Coke versus Pepsi.
B) DVDs purchased on Craigslist, an online classified website.
C) a 2013 GPS unit versus a 2008 GPS unit.
D) etexts versus used books .
E) pants purchased by a first-time shopper at Aeropostale.
C
Economics
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Other things constant, ________ people will seek medical care when the price of a doctor's visit ________
A) fewer; falls B) more; falls C) more; rises D) no; rises.
Economics
Using historical statistics is likely to produce accurate estimates of demand curves since such studies have large amounts of data to draw on.
Answer the following statement true (T) or false (F)
Economics