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Assume That There Are Three Types of Commodities (A,B and C)that

Question 19

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Assume that there are three types of commodities (A,B and C) that are consumed at the following base-year quantities and prices,as shown in the table below: Assume that there are three types of commodities (A,B and C) that are consumed at the following base-year quantities and prices,as shown in the table below:   What is the price index at the end of 2008? A)  1.0597281 B)  0.9588235 C)  1.0461538 D)  None of the given options is correct What is the price index at the end of 2008?


A) 1.0597281
B) 0.9588235
C) 1.0461538
D) None of the given options is correct

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