The Table Below Shows the Prices in $ and Quantities

question 22

Multiple Choice

The table below shows the prices in $ and quantities (thousands) for five specialized electronic components for 2000 and 2016. The Laspeyres price index for 2016 using 2000 as base year is ______.

• A)136.25
• B)137.33
• C)138.75
• D)139.87
• E)140.33

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Definitions:

Executive Financial Analyst

A professional role focused on evaluating financial data and economic trends to guide senior management in making strategic business decisions.

Equity

The concept of fairness in economics, which may refer to ownership interest in a company (as in stockholders' equity) or to a principle of justice and fairness in the distribution of wealth and resources.

Deadweight Loss

A societal expense arising from market inefficiency, happening when there is a mismatch between supply and demand.

Equilibrium

A state in a market where the supply of a good matches its demand, resulting in stable prices.