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A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2016 and

A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2016 and 2022 are given here.

Unit Price ($)
Supplier Quantity (2016) 2016 2022
A 150 5.95 6.50
B 200 5.60 5.95
C 120 5.50 6.30

(a)Compute the price relatives for each of the component suppliers separately. (Round your answers to the nearest integer.)

Item Price Relative
A
B
C

Compare the price increases by the suppliers over the six-year period

. ---Select--(A) All (b) some (c) No prices increased, with the greatest price relative being from supplier ---

Select---( A)( B)(c) and the smallest price relative being from the supplier ---Select--- A B C

.(b)Compute an unweighted aggregate price index for the component part in 2022. (Round your answer to the nearest integer.)I2022 =

(c)Compute a 2022 weighted aggregate price index for the component part. (Round your answer to the nearest integer.)I2022 =

What is the interpretation of this index for the manufacturing firm? (Give your answer as a percent. Round your answer to the nearest integer.)

There was a---------- % increase in the price of the component part over the six-year period.

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