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QUESTION 2 Auto Zone Wheel company supplies four sizes (diameter) of tyre. The prices per unit and quantities in 2019 and 2020 are shown in
QUESTION 2 Auto Zone Wheel company supplies four sizes (diameter) of tyre. The prices per unit and quantities in 2019 and 2020 are shown in the table below. 2021 2022 Size (Inches) Price (RM) | Quantity ('00) Price (RM) | Quantity ('00) 15 180 20 200 16 16 230 12 250 15 17 315 15 350 9 18 550 8 630 11 Calculate and interpret Laspeyres price index for the year 2022. (4 marks) Calculate and interpret Paasche quantity index for the year 2022. (4 marks) Calculate the simple aggregate price index in 2022. (2 marks]
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