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QUESTION FIVE [15] The quantities and prices if products A and B used by a company in the years 2010 2011 are given below: Year

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QUESTION FIVE [15] The quantities and prices if products A and B used by a company in the years 2010 2011 are given below: Year A: Quantity A: Price B: Quantity B: Price 2010 10 2 20 4 201 1 20 3 10 5 5.1 Calculate the Laspeyres and Paasche price indices with base year 2010. (11) 5.2 Interpret the results in 5.1 above (4)

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