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Procta and allan sells Product A with the following prices:
Year 2003 2004 2005 2006
Price($) 40.96 46.08 57.60 50.40
(a) Calculate the prices of Product A for years 2004 to 2006 as a chain base index.
(b) Giving your answers correct to four significant figures, calculate the index of prices for Product A for the years 2003 to 2006 with year 2003 as the base year.
The price relative for Product P for year 2003 with 2002 as the base year is 1.28.
(c) Calculate the selling price of Product P in year 2002
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Last month, Rick's Bike Shop, Inc. increased the price on the 22-ounce can of Camp A bearing grease by 4.5 percent. In response, sales dropped by 9 percent. A) Calculate the point price elasticity of demand for Camp A bearing grease. B) Calculate t..
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in march of year 2020 the performance marketing company begins construction on a new warehouse.. this warehouse
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