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please help this questions price index with steps and answer, thanks 14. A stationary shop offers four major types of stationary to customers. The prices
please help this questions price index with steps and answer, thanks
14. A stationary shop offers four major types of stationary to customers. The prices and quantities sold in 2020 and 2021 are given in the following table. 2020 2021 Items _ _ . . Price (3) Quantlty Pr1ce {'35) Quantity Pencil 5 30 9 90 Pen 8 40 12 3'0 Eraser 7 24 10 40 Ruler 13 16 20' 30 (a) Using 2020 as the base year, calculate the Laspeyres price index of 2021. (5 marks) (1)) Using 2020 as the base year, calculate the Paasche price index of 2021. (5 marks) (c) Using the results in part (a) and (b), calculate the Fisher price index of 202 lStep by Step Solution
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