Question
A business analyst has obtained the following information (Table 4) on the prices (in Rands) and quantities (in boxes) of three flavours of ice-cream
A business analyst has obtained the following information (Table 4) on the prices (in Rands) and quantities (in boxes) of three flavours of ice-cream sold by a small business owner during 2016 and 2021. Ice-cream flavours Price (Rands per box) 130 140 145 2016 Quantity (boxes) 44 000 Vanilla Chocolate Strawberry Table 4; Prices and quantities of three different flavours of ice-cream. 21 500 15 900 Price (Rands per box) 170 200 220 2021 Quantity (boxes) 92 000 40 200 36 600 Using 2016 as the base year, calculate the Laspeyre's Price Index for 2021. Question 17 Using 2016 as the base year, calculate the Paasche's Quantity Index for 2021. Question 18 Using 2016 as the base year, calculate the Pasche's Price Index for 2021. Question 19 Using 2016 as the base year, calculate the Laspeyre's Quantity Index for 2021.
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