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If $∑p_1q_0=3800: ∑p_1q_1=3200: ∑p_0q_0=2600: ∑p_0q_1=3000,$ the index number using Marshall-edgeworth's method is : |
80 125 117.2 85.3 |
125 |
The correct answer is Option (2) → 125 The Marshall-edgeworth's Price index, $I_M=\frac{∑P_1(q_0+q_1)}{∑P_0(q_0+q_1)}×100$ $=\frac{3800+3200}{2600+3000}×100$ $=\frac{7000}{5600}×100=125$ |
