Business
Business, 23.04.2020 21:53, iicekingmann

Which of the following, if true, would illustrate why price indexes such as the College Student Price Index (CSPI) might overstate inflation in the cost of going to college?

a) Professors required each student to buy 10 textbooks, regardless of the price.

b) As the price of textbooks increased, more and more students turned to the used-book market of chose not to buy textbooks at all and use the copies on reserve in the library.

c) A new, safe method of memory enhancement became available for purchase.

d) The quality and design calculators improved dramatically from 2010 to 2012. For example, calculators made in 2012 accept memory cards, whereas those made in 2010 do not.

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Answers: 3

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Which of the following, if true, would illustrate why price indexes such as the College Student Pric...

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