State whether the following scenarios will tend to understat…
State whether the following scenarios will tend to understate, overstate, or appropriately express CPI inflation. Netflix increases its subscription price and adds hundreds of new movies and original programming to its menu. During the pandemic, Chez Fonfon, an upscale dine-in French bistro in Birmingham, AL started selling its meals as take-out but kept its prices unchanged. As eggs become more expensive, consumers switch to cheaper plant-based egg substitutes, which are not yet included in the CPI.