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Suppose consumers typically buy some combination of various meats (chicken, beef, pork, and fish).
suppose the price of fish and beef rise much more than chicken and pork. the effect on the price index is likely ; this is called the
a)overstated; substitution effect
b)understated; substitution effect
c)overstated; price effect
d)understated; price effect
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Answers: 2
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Suppose consumers typically buy some combination of various meats (chicken, beef, pork, and fish). <...
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