Consider the following price (in dollars)and quantity data for two items during 2010 and 2011. 
If the value of the Laspeyres price index for 2011,using 2010 as the base year,is 89.46,find the price of item 1 in 2011.
Definitions:
Social Psychological Theory
A branch of psychological theory that explores how individual behavior is influenced by the social environment and interactions.
Perceived Behavioral Control
An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.
Theory of Planned Behavior
A psychological theory that links beliefs and behavior, suggesting that an individual's intention to engage in a behavior is the principal determinant of whether they will do so, influenced by attitudes, subjective norms, and perceived behavioral control.
Dissonance Theory
A psychological theory suggesting that inconsistency among beliefs, attitudes, or behaviors causes discomfort, leading individuals to change them to reduce the discomfort.
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