If All Prices Increase by 20

question 55

Multiple Choice

If all prices increase by 20%,

• A)the Paasche price index increases by more than 20% and the Laspeyres price index increases by less than 20%.
• B)the Laspeyres price index increases by more than 20% and the Paasche price index increases by less than 20%.
• C)both the Paasche price index and the Laspeyres price index increase by more than 20%.
• D)both the Paasche price index and the Laspeyres price index increase by exactly 20%.
• E)both the Paasche price index and the Laspeyres price index increase by less than 20%.

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