Which of the following statements is/are correct about average prices if the price index is 110? Options: A . &nbspThe prices have increased by 10 per cent B . &nbspThe prices have increased by 110 per cent C . &nbspThe prices have decreased by 10 per cent D . &nbspNone of the above

Which of the following statements is/are correct about average prices if the pri

Question

Which of the following statements is/are correct about average prices if the price index is 110?

Options:

A . The prices have increased by 10 per cent

B . The prices have increased by 110 per cent

C . The prices have decreased by 10 per cent

D . None of the above

Answer: Option A

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Question 1. Which of the following are limitations of using index numbers?....

Question 2. Which of the following is the variation within two or more variable studies by the index?....

Question 3. The weights used in a quantity index are ________.....

Question 4. Which of the following methods is used to calculate the Consumer Price Index?....

Question 5. An index number that can serve many purposes is known as a _______.....

Question 6. Fisher’s method of calculating the index number is based on the _______.....

Question 7. What is the name of the monthly price index that takes price changes in consumer goods and services and uses it to deter....the price of those products over a period of time?

Question 8. Which of the following is the index that is used to measure changes in total money value?....

Question 9. Commodities that show considerable price fluctuations can be measured by a ________.....

Question 10. The purchasing power of money is ________.....

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