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Commerce · Q866

Business Statistics and Research Methods

Graduate and Post Graduate · Commerce · question 866

Q866

Which of the following statement is correct? i. In the creation of index only representative times are selected ii. If the price of wheat increases by 50% and the price of salt decreases by 50%, the CPI will remain unchanged

A.
i
Answer
B.
ii
C.
Both i and ii
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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