(a) In general, Laspeyre's price index number is
than Paasche's price index number. (Fill in the blank)
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The Laspeyres Price Index is a consumer price index used to measure the change in the prices of a basket of goods and services relative to a specified base period weighting. Developed by German economist Etienne Laspeyres, the Laspeyres Price Index is also called the base year quantity weighted method.
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less than the given price
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