asked 80.9k views
3 votes
What is the coffee is weighted more than tea in the calculation of the cpi if?

asked
User K Tarun
by
8.0k points

1 Answer

1 vote
Coffee is weighted more than tea in the calculation of the CPI if consumers buy more coffee than tea. Weights in the CPI are determined by the importance of the good to the consumer.
answered
User Buk Lau
by
8.1k points