The Table Below Shows the Prices and Quantities of Three $\quad$

question 37

Essay

The table below shows the prices and quantities of three commodities for six consecutive
years.
$\quad$$\quad$$\quad$$\quad$$\text {Commodity A}$$\quad$ $\quad$$\text {Commodity B}$$\quad$$\text {Commodity C}$
$\begin{array} { c c c c c c c } \hline \text { Year } & \text { Price } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } & \text { Quantity } \\\hline 1 & 250 & 1200 & 121 & 3200 & 675 & 1800 \\2 & 255 & 1500 & 115 & 3500 & 700 & 1900 \\3 & 253 & 2700 & 128 & 2400 & 714 & 2100 \\4 & 255 & 1800 & 126 & 2800 & 721 & 2500 \\5 & 259 & 2100 & 129 & 2700 & 725 & 3100 \\6 & 261 & 2000 & 135 & 2500 & 734 & 3900 \\\hline\end{array}$ a. Compute the Laspeyres price index for the six-year period, using Year 1 as the base period.
b. Compute the Paasche price index for the six-year period, using Year 1 as the base period.
c. Plot the Laspeyres and Paasche indexes on the same graph. Comment on the
differences.

---

Definitions:

Gynecological Malignancy

A type of cancer that affects the female reproductive system.

Orchitis

An inflammatory condition of the testicles, often resulting from infection and causing pain and swelling.

Cryptorchidism

A condition in which one or both of a male's testicles fail to descend from the abdomen into the scrotum before birth.

Hyaluronidase

An enzyme that catalyzes the breakdown of hyaluronic acid, aiding in tissue permeability and the dispersion of injected substances.