Question

Is the change in any price reflected in a price index number?

Answer 1

Step-by-step explanation:

The change in any price may or may not be reflected in a price index number. An index number shows changes in terms of average. For example, when it is said that index number in 2012-13 has risen to 110, it means that prices of all goods and services have increased by 10% on average.

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Answer 2

Answer:

The change in any price may or may not be reflected in a price index number. An index number shows changes in terms of average. For example, when it is said that index number in 2012-13 has risen to 110, it means that prices of all goods and services have increased by 10% on average.

Step-by-step explanation:

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