Commodities 8. Given the data in the adjoining Table, where p and q respectively stand for price and quantity and subscripts stand for time period, find x, if the ratio between Laspeyre's (L) and Paasche's (P) index numbers is Po 1 1 10 90 L:P:: 28: 27 5 2

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8. Given the data in the adjoining Table,
Commodities
where p and q respectively stand for price and quantity and
subscripts stand for time period, find x, if the ratio between
Laspeyre's (L) and Paasche's (P) index numbers is
A
Po
1
10
5
2
L:P :: 28 : 27
5
Transcribed Image Text:8. Given the data in the adjoining Table, Commodities where p and q respectively stand for price and quantity and subscripts stand for time period, find x, if the ratio between Laspeyre's (L) and Paasche's (P) index numbers is A Po 1 10 5 2 L:P :: 28 : 27 5
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