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Senior citizens devote a higher fraction of their spending to prescription drugs than average. If the price of prescription drugs increases by 10% while the
Senior citizens devote a higher fraction of their spending to prescription drugs than average. If the price of prescription drugs increases by 10% while the price of all other goods increases by 5%, then the CPI will increase by _______ 5% and will _______ the change in senior citizens' cost of living. Group of answer choices more than; overstate more than understate less than; overstate less than; understate No answer text provided. No answer text provided
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