With regard to Lasperye's and Paasche's price index number, it is maintained that "if the prices of all the goods change in the same ratio, the two indices will be equal for then the weighting system is irrelevent or if the quantities of the goods change in the same ratio, they will be equal, for then the two weighting systems are the same relatively."

With regard to Lasperye's and Paasche's price index number, it is maintained that "if the prices of all the goods change in the same ratio, the two indices will be equal for then the weighting system is irrelevent or if the quantities of the goods change in the same ratio, they will be equal, for then the two weighting systems are the same relatively."

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter2: Graphical And Tabular Analysis

Section2.1: Tables And Trends

Problem 2TU: Suppose one canoe rents for 40,and2 is taken off the price for each additional canoe rented by a...

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