The reason economists create a market basket is: to track its changing quantities to reflect changes...

 

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The reason economists create a market basket is: to track its changing quantities to reflect changes in the cost of living. to see how the cost of buying the goods and services on the list changes over time. to know how typical consumers are being affected by changes in production. to know how typical producers are being affected by changes in price. The reason economists create a market basket is: to track its changing quantities to reflect changes in the cost of living. to see how the cost of buying the goods and services on the list changes over time. to know how typical consumers are being affected by changes in production. to know how typical producers are being affected by changes in price.

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