Laspeyre’s Price Index Number is given by - Vidyadip

MCQ

Laspeyre’s Price Index Number is given by

A
$\frac{\sum p_0 q_0}{\sum p_1 q_0} \times 100$
B
$\frac{\sum p_0 q_1}{\sum p_1 q_1} \times 100$
✓
$\frac{\sum p_1 q_0}{\sum p_0 q_0} \times 100$
D
$\frac{\sum p_1 q_1}{\sum p_0 q_1} \times 100$

✓

Answer

Correct option: C.

$\frac{\sum p_1 q_0}{\sum p_0 q_0} \times 100$

$\frac{\sum p_1 q_0}{\sum p_0 q_0} \times 100$

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