16. VTC Company manufactures a variety of foods. The prices and quantities produced for 2010 and 2011 are given in the following table. 2010 2011 Product Price ($) Quantity Price ($) Quantity Biscuit (Box) 6.5 12000 7.3 15000 Candy (Package) 12.5 8500 12.8 8600 Chocolate (Box) 23.4 6400 28.4 4900 Snack Noodle (Package) 2.7 23000 3.5 27000 (a) Using 2010 as the base year, calculate the Laspeyres price index of 2011. (4 marks) (b) Using 2010 as the base year, calculate the Paasche price index of 2011. (4 marks) (c) Using the result in part (b) and (c), calculate the Fisher price index of 2011. (2 marks)