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Which price index tends to understate the impact of price changes on consumers?

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Which price index tends to understate the impact of price changes on consumers?

Which price index tends to understate the impact of price changes on consumers?
A) Chain-weighted index
B) Laspeyres index
C) Paasche index
D) Ideal cost-of-living index

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Microeconomics

Microeconomics

Edition: 8^th

Author: Pindyck

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