Business, 08.05.2021 02:30 hailiemanuel9362
Below are the prices of toothpaste (9 oz.), shampoo (7 oz.), cough tablets (package of 100), and antiperspirant (2 oz.) for August 2000 and August 2017. Also included are the quantity purchased. Use August 2000 as the base.
Item August 2000 August 2017
Price Quantity Price Quantity
Toothpaste $2.49 6 $3.35 6
Shampoo 3.29 4 4.49 5
Cough drops 1.59 2 4.19 3
Antiperspirant 1.79 3 2.49 4
a. Determine the simple price indexes.
b. Determine the simple aggregate price index for the two years.
c. Determine Laspeyres' price index.
d. Determine the Paasche price index.
Answers: 2
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Below are the prices of toothpaste (9 oz.), shampoo (7 oz.), cough tablets (package of 100), and ant...
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