Exhibit 19-6.Three firms X,Y,and Z operate in the same industry,although their products have different features and are priced differently.The following table provides the prices and the quantities sold (in units)during the period 2000-2002. Refer to Exhibit 19-6.Compute the Laspeyres price index for 2001,using 2000 as the base year.
A)95.64
B)113.60
C)104.56
D)105.19

Question

Exhibit 19-6.Three firms X,Y,and Z operate in the same industry,although their products have different features and are priced differently.The following table provides the prices and the quantities sold (in units)during the period 2000-2002.  Refer to Exhibit 19-6.Compute the Laspeyres price index for 2001,using 2000 as the base year.
A)95.64 
B)113.60 
C)104.56 
D)105.19

Quizplus · Accepted Answer

The Answer of Exhibit 19-6.Three firms X,Y,and Z operate in the same industry,although their products have different features and are priced differently.The following table provides the prices and the quantities sold (in units)during the period 2000-2002.  Refer to Exhibit 19-6.Compute the Laspeyres price index for 2001,using 2000 as the base year.
A)95.64 
B)113.60 
C)104.56 
D)105.19