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The Following Data Was Collected Comparing Gasoline Prices and Quantities

Question 48

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The following data was collected comparing gasoline prices and quantities (millions of gallons). The following data was collected comparing gasoline prices and quantities (millions of gallons). Compute the Laspeyres price index to compare gas prices in 2010 to 2000. Compute the Laspeyres price index to compare gas prices in 2010 to 2000.

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