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The Following Table Provides the Price and Quantity Data for Three

question 26

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The following table provides the price and quantity data for three brands of a particular good during 2010 and 2011. The following table provides the price and quantity data for three brands of a particular good during 2010 and 2011.   a.Use 2010 as the base year and compute the weighted aggregate price index for 2011 using the Laspeyres method. b.Interpret the result. a.Use 2010 as the base year and compute the weighted aggregate price index for 2011 using the Laspeyres method.
b.Interpret the result.


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