MCQ
Choose the correct alternative :
Laspeyre’s Price Index Number is given by
Options
`(sum"p"_0"q"_0)/(sum"p"_1"q"_0) xx 100`
`(sum"p"_0"q"_1)/(sum"p"_1"q"_1) xx 100`
`(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`
`(sum"p"_1"q"_1)/(sum"p"_0"q"_1) xx 100`
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Solution
Laspeyre’s Price Index Number is given by `(sum"p"_1"q"_0)/(sum"p"_0"q"_0) xx 100`.
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