How does the introduction of new innovations to the market (computers in the 1980s or cell phones in the 2000s, etc.) illustrate a shortcoming of the Consumer Price Index in gauging the cost of living? Question 10 options: The consumer price index subtracts inflation in determining the cost of living, as the measurement only calculates goods that are stable in price for at least the previous eight economic quarters. Companies must apply to have their products included in the consumer price index, and the fee is often more than small companies can afford. The newest innovations rarely have any sort of government regulation, and government standards require a five-year waiting period in the inclusion of new products to the index. Initially, the items used to measure the consumer price index may not include the newest innovations, so the index may ignore a significant way in which the cost of living may be improving