quantity index number for current year w .r.t the base year is denoted by
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Answer: the number for current year w.r.t the base year is denote by p.
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- The change in the quantity or volume of items sold, consumed, or produced over a certain time period is measured by quantity index numbers.
- As a result, it is a measure of relative changes in the quantity of a certain set of products across time.
- quantity index number for current year w .r.t the base year is denoted by ( P ).
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