Calculate (i) the unweighted mean of prices and (ii) the mean obtained by weighting each price by the quantity consumed.

Calculate the simple mean and the weighted mean of the prices obtained by weighing each price by the quantity demanded.

Calculate (a) unweighted and (b) weighted mean price from the following :

What is mean price.

Give the meaning of market price.

What do you mean by price relative?

When the price of X doubles , its quantity demanded falls by 60 percent . Calculate its price elasticity of demand . What should be the percentage change in price so that its quantity demanded doubles.

Rise in the price of a commodity means