Which price index tends to understate the impact of price changes ...

[student77]

Which price index tends to understate the impact of price changes on consumers?
 
  A) Chain-weighted index
  B) Laspeyres index
  C) Paasche index
  D) Ideal cost-of-living index

Question 2

Suppose there is currently a surplus of wheat on the world market. The problem of excess supply may be removed from the market by:
 
  A) lowering the market price.
  B) shifting the supply curve leftward.
  C) shifting the demand curve leftward.
  D) Both A and B are plausible actions.

[Ksh22]

Answer to Question 1

C

Answer to Question 2

D

[student77]

YES! Correct, THANKS for helping me on my review

[Liamb2179]

Thanks for the timely response, appreciate it