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Author Question: Which price index tends to understate the impact of price changes on consumers? A) Chain-weighted ... (Read 116 times)

student77

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on: Jul 1, 2018
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.


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Ksh22

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


student77

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

blakcmamba

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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