i not sure but cyclical makes more sense.
Answer:
overstate.
Explanation:
An unchanging basket of goods assumes that consumers are restricted from purchasing exactly the corresponding goods, without caring for changes of the price which are not a very likely hypothesis. <u><em>The result of substitution bias is that the increase in the price of a fixed basket of goods over time tends to</em></u> overstate the rise in the true cost of living of the consumer because it does not take into consideration that the person can substitute away from goods whose corresponding prices have increased.
<u>The </u><u>opportunity cost </u><u>of buying a ticket to a major league baseball game and then going to the game is</u><u> the time spent at the game.</u>
How much does going to a baseball game cost?
- If you are going to Friday night's Orioles sport in opposition to the Yankees, the common fee is $168. That's one of the maximum cheap withinside the league.
- The most inexpensive is the Arizona Diamondbacks at about $126 even as looking a Red Sox sport in Boston is the maximum highly-priced. The common fee is greater than $324.
Are baseball tickets highly-priced?
Watching your favored baseball group stay withinside the stadium can be highly-priced business, with price price tag fees withinside the league starting from 167 U.S. greenbacks for the Boston Red Sox to fifty two U.S. greenbacks for the Baltimore Orioles.
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