Economy, asked by naherarabi476, 4 months ago

Which do you think has a greater effect on the CPI: a 10% increase in the price of chicken or a 10% increase in the price of chocolate ? Why?​

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Answered by anshuraj10
2

Answer:

A 10 percent increase in the price of chicken would have a greater effect on the consumer price index because it is purchased by the typical family, and would have to spend more money to maintain the same standard of living that includes chicken.

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Answered by nandurigreeshma
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