Question: Based on the table below, and assuming 2018 as the base year, so the price index P is 1 for 2018, what is the value

Based on the table below, and assuming 2018 as the base year, so the price index P is 1 for 2018, what is the value of P for 2019 and 2020 respectively using the Laspeyres's method? 2018 2019 2020 Final product Price Quantity Price Quantity Price Quantity (i) (P;) (Q:) (P;) (Q;) (P;) (Q;) A $25 20 $30 17 $32 25 B $50 35 $55 35 $60 30 C $100 10 $90 12 $80 10 O a. 1.054 and 1.089. O b. 1.054 and 1.025. O c. 1.041 and 1.025. O d. 1.041 and 1.089. O e. None of the alternatives is correct. Check

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