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Author Question: Under which of the following conditions will there be no substitution bias in the CPI? A) ... (Read 42 times)

Kikoku

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on: Jul 1, 2018
Under which of the following conditions will there be no substitution bias in the CPI?
 
  A) Lower-priced goods increase in price by a greater percentage than do higher-priced goods.
  B) Higher-price goods increase in price by a greater percentage than do lower-priced goods.
  C) All goods change in price by the same amount.
  D) All goods change in price by the same percentage.

Question 2

Under which of the following conditions will there be no substitution bias in the CPI?
 
  A) Indifference curves are convex.
  B) Indifference curves are L-shaped.
  C) Indifference curves are linear.
  D) Indifference curves are downward sloping.
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zhanghao

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kikoku

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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