Question
You are given the following simplified information for the respective prices and quantities of two items, coffee and magazines. Item P2008 ($) Q2008 P2022 ($)
You are given the following simplified information for the respective prices and quantities of two items, coffee and magazines.
Item | P2008 ($) | Q2008 | P2022 ($) | Q2022 |
Coffee | 3.89 | 2 | 5.01 | 3 |
Magazines | 5.25 | 5 | 7.57 | 4 |
Which of the following is the value of the Laspeyres index for 2022 (base period 2008):
a.140.67 b.94.65 c.138.69 d.71.09
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College Algebra And Trigonometry A Unit Circle Approach,
Authors: Mark Dugopolski
6th Edition
0321867564, 9780321867568
