Exhibit 19-6.Three firms X,Y,and Z operate in the same industry,although their products have different features and are priced differently.The following table provides the prices and the quantities sold (in units) during the period 2000-2002. 
Refer to Exhibit 19-6.Compute the Paasche Index for 2002 if the base period is 2000 and the current period is 2002.
Definitions:
Price-quantity Schedules
Charts or tables that show the relationship between the prices of goods and services and the quantities supplied or demanded at those prices.
Demand
A schedule or curve that shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time.
Consumer Income
The total earnings of a consumer, influencing their purchasing power and ability to buy goods and services.
MU/P
This term represents Marginal Utility per unit of Price, used in economics to calculate the additional satisfaction or utility gained from consuming one more unit of a good relative to its cost.
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