1. Calculate Laspeyre's price index number and give your conclusion. Item Price in 2004 Price in 2006 Expenditure in 2004 А 5 7. 30 B 4 3 16 С 6 8 48 D 8. 10 72 E 2 1 4
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CommodityPrices in 2015
(p0)Prices in 2011
(p1)A
B
C
D
E50
40
10
5
280
60
20
10
6 ∑ p0 = 107 ∑ p1 = 176
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