Question: Let us revisit the introductory case with the data presented in Table 19.1. Using 2007 as the base year, compute and interpret the weighted aggregate

Let us revisit the introductory case with the data presented in Table 19.1. Using 2007 as the base year, compute and interpret the weighted aggregate price indices for liquor using

a. The Laspeyres method

b. The Paasche method

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