With respect to the consumer price index,which of the following serves as an example of how the substitution bias arises? Between 2010 and 2011,the price of a pound of peanuts
A)rises from $0.80 to $1.00 while the price of a loaf of bread rises from $2.00 to $2.50.
B)falls from $0.90 to $0.72 while the price of a loaf of bread falls from $2.00 to $1.60.
C)remains constant,as does the price of a loaf of bread.
D)None of the above serves as an example of how the substitution bias arises.

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The Answer of With respect to the consumer price index,which of the following serves as an example of how the substitution bias arises? Between 2010 and 2011,the price of a pound of peanuts
A)rises from $0.80 to $1.00 while the price of a loaf of bread rises from $2.00 to $2.50.
B)falls from $0.90 to $0.72 while the price of a loaf of bread falls from $2.00 to $1.60.
C)remains constant,as does the price of a loaf of bread.
D)None of the above serves as an example of how the substitution bias arises.

With Respect to the Consumer Price Index,which of the Following