1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
juin [17]
3 years ago
13

When the price of a good rises, consumers tend to purchase less of it and buy a relatively less expensive good. This behavior cr

eates ____________ bias in the CPI, so the Bureau of Labor Statistics makes adjustments to the fixed basket of goods.
Business
1 answer:
Anna35 [415]3 years ago
7 0

Answer:substitution

Explanation:The substitution bias is a weakness in the Consumer Price Index that overstates inflation because it does not account for the substitution effect, when consumers choose to substitute one good for another after its price becomes cheaper than the good they normally buy.

when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives.

You might be interested in
What is an important part of taking meeting minutes?
Makovka662 [10]
An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.

A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.
3 0
3 years ago
In 2007, Gillette saw an opportunity to capture the market of 500 million Indians who used double edge razors with no protection
rusak2 [61]

Answer:

Gillette in India

The failure of the Vector was caused by the fact that Indian men have longer and thicker hair, which the lack of earlier research in the targeted demographic segment did not discover.

Explanation:

Since Indian men have longer and thicker hair than the local consumers of Gillette's razor products in America, an earlier research would have uncovered the fact.  Thereafter, the discovery would have been incorporated into the design and production of Vector for the Indian market. No wonder, with its Mach 3 Turbo razor, Gillette overcame its initial inertia and handicap and made a success of the razor business in India.

5 0
2 years ago
Suppose that an income producing property is expected to yield cash flows for the owner of $150,000 in each of the next five yea
vivado [14]

Answer:

$1,449,635.50  

Explanation:

The computation of the value of the property today is shown below:

First the present value for 5 years is

Year Cash flows    Discount factor      Present value

1 $150,000  0.925925926 $138,888.89  

2 $150,000  0.85733882         $128,600.82  

3 $150,000  0.793832241         $119,074.84  

4 $150,000  0.735029853         $110,254.48  

5 $150,000  0.680583197          $102,087.48  

Total present value            $598,906.51  

The discount factor is

= 1 ÷ (1 + rate)^years  

And, the formula of future value is

Future value = Present value × (1 + rate)^number of years

$1,250,000 = Present value × (1 + 0.08)^5

$1,250,000 = Present value × 1.469328077

So, the present value is $850,729

Now the today value of the property is

= $598,906.51 + $850,729

= $1,449,635.50  

7 0
3 years ago
Which is not a function of mucus in the nasal cavity?
snow_tiger [21]
The answer is to break down oxygen entering the respiratory system others are the functions.

Hope it helps:)
8 0
3 years ago
You were planning to spend Friday working at your part-time job, but a friend asks you to go kayaking.
N76 [4]

The statement that applies are the rental of ant kayak equipment you need the wages that you forgo by going kayaking and the fee for accessing the river in a national park

Explanation:

The true cost for going to a particular place includes all that costs that are included from moving to a place that includes all the wages and the vehicle cost

Here the opportunity costs includes the fee to go to the national park by crossing the river and the amount that is needed to be spent on the equipment and the wages that must be forgo by going to kayaking all these statements best includes the true costs of going to kayaking

7 0
3 years ago
Other questions:
  • Which of the following is not considered cash for financial reporting purposes?
    12·2 answers
  • What is ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
    8·1 answer
  • At a meeting to announce a merger with another company, which of the following buzzwords is a business leader MOST likely to use
    14·1 answer
  • Your company had the following transactions during the month of September:Received $500,000 in Cash from investors in exchange f
    13·1 answer
  • Elena is the CEO of a small manufacturing firm. She is concerned with meeting the investment objectives of the firm's shareholde
    15·1 answer
  • In a capitalist system, what are the goods and tools that are used to make products?
    13·1 answer
  • Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a
    7·1 answer
  • Mathis Company and Reece Company use the perpetual inventory system. The following transactions occurred during the month of Apr
    5·1 answer
  • What is the difference between a public relations specialist and a marketing professional?​
    11·1 answer
  • 81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is par
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!