The Following Data on Prices and Quantities for the Years

question 137

Essay

The following data on prices and quantities for the years 1995 and 2000 are given for three products. $$\begin{array} { c c c c c c } \text { Product } & 1995 \text { Price } & \text { Quantity } & \text { Product } & 2000 \text { Price } & \text { Quantity } \\\mathrm{X} & \$ 4 & 10 & \mathrm{X} & \$ 8 & 15 \\\mathrm{Y} & \$ 8 & 15 & \mathrm{Y} & \$ 6 & 10 \\\mathrm{Z} & \$ 3 & 8 & \mathrm{Z} & \$ 4 & 12\end{array}$$
-Calculate the aggregate price index.

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