contestada

One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer's true cost of living, is: substitution bias attribution bias complimentary bias preference bias

Respuesta :

ayfat23

The effect that occur when there is rise in price of fixed basket of goods, which actually brings about the rise in a consumer's true cost of living is substitution bias .

  • Substitution bias can be regarded as effect that do occur when there is change in price of goods are relative to each other.

  • In this case, the consumer usually leave the high priced goods for cheaper ones because of change in price.

Therefore, option A is correct.

Learn more at:

https://brainly.com/question/25487384

Otras preguntas