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.

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06-10-2022
Business

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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 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.

Sagot :

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