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urgent. pls help me to solve this (a) The table below shows the prices and quantities of certain products traded in the market during 2020
urgent. pls help me to solve this
(a) The table below shows the prices and quantities of certain products traded in the market during 2020 - 2021. Commodity 2020 Price Quantity (RM) (Units) 250 120 12 8 50 2021 Quantity (Units) 20 10 35 16 Price (RM) 320 160 10 B (i) With the base year of 2020, calculate the average price relative (APR) index for 2020 and 2021. (6 marks) (ii) With the base year of 2020, compute the Paasche price index for 2021 and interpret your answer. (6 marks) (iii) With the base year of 2020, compute the Laspeyres price index for 2021 and interpret your answer. (6 marks) (iv) Based on the index number in (ii) and (iii), calculate the Fisher's price index. (2 marks) Step by Step Solution
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