The substitution by consumers of one good for another because of relative price changes is: A. the CPI and causes the CPI to overestimate the cost-of-living changes. B. captured by the CPI and causes the CPI to underestimate the cost-of-living changes. C. not captured by the CPI and causes the CPI to overestimate the cost-of-living changes. D. not captured by the CPI and causes the CPI to underestimate the cost-of-living changes.
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Home » Business » The substitution by consumers of one good for another because of relative price changes is: A. the CPI and causes the CPI to overestimate the cost-of-living changes. B.