Question: Refer to Exercise 14.4. The next table gives the quantities purchased for three products (A, B, and C) for the four quarters of last year.

Refer to Exercise 14.4. The next table gives the quantities purchased for three products (A, B, and C) for the four quarters of last year.

a. Compute a Laspeyres index for the Quarter 4 price of all three products, using Quarter 1 as the base period.
b. Compute a Paasche index for the Quarter 4 price of all three products, using Quarter 2 as the base period.

Quarter A

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