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Affect the consumer price index

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In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model. How did the introduction of the iPhone 4S affect the Consumer Price Index? What factors in the calculation of the CPI caused this effect?

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This solution is written on word doc format. The solution discusses about how the launch of Apple's iPhone 4s was one of the most talked about events in the year 2011. On completing this solution, I could read and understand about consumer price index. Overall this solution has provided me with great insight as long as knowledge is concerned.

Reference no: EM131098635

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