(Solved): QUESTION 2 (a) The following table shows the revenue and quantity of five items sold by Red Warrior ...

QUESTION 2 (a) The following table shows the revenue and quantity of five items sold by Red Warriors Fan Club Malaysia for the year 2021 and 2023. (Hint: Revenue \( = \) Price \( x \) Quantity) Using 2021 as the base year, find the index number of year 2023, for the following: i) Laspeyres Price Index ii) Laspeyres Quantity Index iii) Paasche Price Index iv) Paasche Quantity Index v) Simple average price index (b) Price and quantity for five different raw materials given below: Using 2021 as the base year, calculate the following index for 2024: i) Laspeyres Price Index ii) Laspeyres Quantity Index iii) Paasche Price Index iv) Paasche Quantity Index v) Simple index for each item