QC F221-The following table presents quantities and prices
The following table presents quantities and prices for four commodites for the years 1992 and 1993:QuantitiesPrices1992199319921993Pies80.0100.01.201.25Frozen Peas4.05.01.601.65Beer240.0180.01.001.21Automobile0.10.12700027100Compute the value of the Laspeyres price index for 1993, using 1992 as the base year. Specify to 3 dec. pl.
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