Refer to Figure 4-1. What is the total amount that Arnold is ...

[acc299]

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]

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.

[acc299]

TYSM

[sailorcrescent]

Thanks for the timely response, appreciate it