Three Firms,X,Y,and Z,operate in the Same Industry,although Their Products Have

question 100

Multiple Choice

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. Which of the following is the Laspeyres price index for 2002,using 2000 as the base year?

• A) 106.07
• B) 106.3
• C) 94.28
• D) 94.08

---

Definitions:

Intermolecular Forces

Forces of attraction or repulsion which act between neighboring particles, such as atoms or molecules, affecting the physical properties of substances.

Bend

To cause something to change its shape by applying force without breaking.

Saturated

Describes a chemical compound, typically a fat, that contains no double bonds between carbon atoms, allowing it to hold a maximum number of hydrogen atoms.

Carbon Atoms

Carbon atoms are the fundamental building blocks of organic molecules, characterized by their ability to form up to four covalent bonds with other atoms, including other carbon atoms.