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To find the Index number by weighted average of price relatives, we use the formula(a) \(\cfrac{\sum\left(\cfrac{p_1}{p_0}\right)(p_0\,q_0)}{\sum(p_0\,q_0)}\times100\) |
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Answer» Correct answer is: (a) \(\cfrac{\sum\left(\cfrac{p_1}{p_0}\right)(p_0\,q_0)}{\sum(p_0\,q_0)}\times100\) |
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