Question: Question 8 (Marks: 15] The following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a

Question 8 (Marks: 15] The following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a DIY ("do it yourself") store for the years 2020 and 2021. 2020 2021 Item Unit Price (pol Quantity (qo) Unit Price (p1) Quantity (q1) Mineral spirits R17.70 30 R20.70 45 10mm spanner R37.00 60 R49.00 50 25mm brush R42.00 30 R48.00 40 Q.8.1 Using 2020 as the base year, compute the price relatives in 2021 for mineral spirits (8) and the 10mm spanner. Interpret your answers. Q.8.2 Again, using 2020 as the base year, compute the Paasche price index for all of the (7) items for 2021. Interpret your

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