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Affect the consumer price index

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Reference no: EM13852738

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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The assignment is mainly focused on concepts like consumer price index and based on this point took an example of Iphone 4s model and its effect in the market is explained at global level.The factors were also detailed with reference to consumer price Index.

Reference no: EM13852738

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