Question: Please help quickly 1. The following data give the changes in the price and consumption (quantity) of certain major constituents of the consumption- basket of

Please help quickly

1. The following data give the changes in the price and consumption (quantity) of certain major constituents of the consumption- basket of goods of the labour class. 2018 2022 Commodity Unit Price Consumption |Price Consumption (quantity) (quantity) (i) Rice Kg. 250 16 320 20 (ii) Wheat Kg 120 12 160 10 (iii) Cloth Metre 8 50 10 35 Using 2018 as the base year, compute i. The Laspeyres price index. ii. The Paasche price index. iii. The Fishers' index number. [6 marks]

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