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Question One 1.1. The data in the table below shows the price (in rand) and quantity...
Question One 1.1.
The data in the table below shows the price (in rand) and quantity of three types of medication in 2013 and 2017.
2013 2017
MEDICATION PRICE QUANTITY PRICE QUANTITY
ELTROXIN (BOX) 40 50 60 70
RYCHOL (BOTTLE) 130 30 170 60
SINUSTAT (PACK) 70 120 80 130
Using 2011 as a base year, calculate
1.1.1. Laspeyre’s price index.
1.1.2. Laspeyre’s quantity index.
Homework Answers
Answer #1
The data in the table below shows the price ( in rand) and quantity of three type of medication in 2013 and 2017....
= Given data :-
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