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12 . Problems and Applications Q6 Which of the following situations illustrate the problem of substitution bias in the construction of the CPI?Check all that
12 . Problems and Applications Q6
Which of the following situations illustrate the problem of substitution bias in the construction of the CPI?Check all that apply.
____The invention of cell phones
____Increased personal computer purchases in response to a decline in their price
_____More scoops of raisins in each package of Raisin Bran
____Greater use of fuel-efficient cars after gasoline prices increase
____The introduction of air bags in cars
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