Question: Using the following data and 2017 as the base year, compute the Laspeyres price index for 2019 and the Paasche price index for 2020. Item

Using the following data and 2017 as the base year, compute the Laspeyres price index for 2019 and the Paasche price index for 2020. Item 1 2 3 Price $2.75 0.85 1.33 2017 Quantity 12 47 20 Price $2.98 0.89 1.32 2018 Quantity 9 52 28

Item 1 2 3 Price $2.75 0.85 1.33 2017 Quantity 12 47 20 Price $2.98 0.89 1.32 2018 Quantity 9 52 28

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