A Pick and Pay basket consist of three products. Listed below is the quantity sold and the price. 2018 2014 Quantity Price Quantity Sold Price Item Sold (rands) (rands) Bread 600 R10 800 R5 Milk 1000 R9 1500 R6 Meat 800 R15 900 R7 a) If price is held constant at 2014 levels, calculate the quantity index of Pick and Pay basket. b) The Paasche Price Index indicates that the price of products have .. by .. .%.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A Pick and Pay basket consist of three products. Listed below is the quantity sold and the price.
| 2018
2014
Quantity
Price
Quantity
Sold
Price
Item
Sold
(rands)
(rands)
Bread
600
R10
800
R5
Milk
1000
R9
1500
R6
Meat
800
R15
900
R7
a) If price is held constant at 2014 levels, calculate the quantity index of Pick and Pay basket.
b) The Paasche Price Index indicates that the price of products have . by . %.
Transcribed Image Text:A Pick and Pay basket consist of three products. Listed below is the quantity sold and the price. | 2018 2014 Quantity Price Quantity Sold Price Item Sold (rands) (rands) Bread 600 R10 800 R5 Milk 1000 R9 1500 R6 Meat 800 R15 900 R7 a) If price is held constant at 2014 levels, calculate the quantity index of Pick and Pay basket. b) The Paasche Price Index indicates that the price of products have . by . %.
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