Question: Question 3. Fruit prices and the amounts consumed for 1999 and 2012 are below. Use 1999 as the base. Fruit Price (1999) Quantity (1999) Price

Question 3. Fruit prices and the amounts consumed for 1999 and 2012 are below. Use 1999 as the base. Fruit Price (1999) Quantity (1999) Price (2012) Quantity (2012) Grapefruit (each) 0.30 60 0.75 70 Apples (kg) 0.45 100 0.95 110 Oranges (kg) 0.28 50 1.02 63 Strawberries (kg) 1.25 19 2.27 22 a Determine Laspeyres index b Determine Paasche index c Determine Fisher's ideal index for price. d Looking at the results from a to c, Interpret your results

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