Agricultural price analysis UE Past Papers Questions.

Demand pull inflation

1. Benefits partners
2. Is a period of generally falling prices
3. Benefit producers
4. Is devaluation of the currency

Answer / Solution

UNSOLVED

If the price of beef remains constant while the retail price index rises

1. The real or deflated price of beef rises
2. The real or deflated price of beef remains the same
3. The real or deflated price of beef falls
4. None of the above

Answer / Solution

UNSOLVED

The 12 major groups in the new CPI based on COICOP(Classification of Individual consumption by purpose) are:

Answer / Solution

UNSOLVED

Consider the information given in the table below

1. Calculate Laspeyres price index
2. Calculate Paasche price index
3. What does each index in (i) and (ii) above mean?

Answer / Solution

UNSOLVED

In analyzing quantity response to price we are in fact assuming static assumption that is consumers will respond instaneously to a change in price(a static demand). Explain how does this assumption help in analyzing quantity response to price?

Answer / Solution

UNSOLVED