Author Question: Refer to Figure 4-1. What is the total amount that Arnold is willing to pay for 4 burritos? A) ... (Read 40 times)

acc299 · **on:** Jun 29, 2018

Refer to Figure 4-1. What is the total amount that Arnold is willing to pay for 4 burritos?

A) 1.00 B) 4.00 C) 7.00 D) 10.00

Question 2

The CPI bias arises from all of the following items except ________.

A. the introduction of new goods and services
B. the improved quality of goods
C. the goods and services bought by poor people
D. consumers' responses to price changes

DHRUVSHAH · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

C The CPI's biases do not include anything specific to the goods and services purchased by poor people.