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QUESTION 12 Fruit prices and the amounts consumed for 2010 and 2020 are below. 2010 2020 Item Price Quantity Price Quantity Apples (1b) 1.40 85

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QUESTION 12 Fruit prices and the amounts consumed for 2010 and 2020 are below. 2010 2020 Item Price Quantity Price Quantity Apples (1b) 1.40 85 2.05 85 Bananas (lbs) 0.74 100 0.56 120 Oranges(bag) 2.99 6 3.99 8 Strawberries(basket) 1.99 8 2.50 10 Grapefruit (each) 10.27 50 1.25 55 Pears(1b) 1.10 40 2.00 35 Use 2010 as the base period and construct a Laspeyres' price index (to two decimal places)

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