Three Firms, X, Y, and Z, Operate in the Same

Multiple Choice

Three firms, X, Y, and Z, operate in the same industry, although their products have different features and are priced differently. The following table provides the prices and the quantities sold (in units) during the period 2000-2002. Which of the following is the Laspeyres price index for 2002, using 2000 as the base year?

A) 106.07
B) 106.3
C) 94.28
D) 94.08