MCQ
Dorbish-Bowley’s Price Index Number is given by
- A$\frac{\frac{\sum p_1 q_0}{\sum p_0 q_1}+\frac{\sum p_0 q_1}{\sum p_1 q_0}}{2} \times 100$
- B$\frac{\frac{\sum p_1 q_1}{\sum p_0 q_0}+\frac{\sum p_0 q_0}{\sum p_1 q_1}}{2} \times 100$
- ✓$\frac{\frac{\sum p_1 q_0}{\sum p_0 q_0}+\frac{\sum p_1 q_1}{\sum p_0 q_1}}{2} \times 100$
- D$\frac{\frac{\sum p_{0 q_0}}{\sum p_{10} q_0}+\frac{\sum p_{0 q_1}}{\sum p_{11} q_1}}{2} \times 100$