The Laspeyres price index has the disadvantage that the ...

[jace]

The Laspeyres price index has the disadvantage that the consumption pattern in the initial period might be quite different from that in the current period and, hence, does not reflect accurately the current consumption cost.
 
  Indicate whether the statement is true or false

Question 2

The Paasche price index has the disadvantage that current consumption quantities are usually hard to obtain.
 
  Indicate whether the statement is true or false

[meganmoser117]

Answer to Question 1

TRUE

Answer to Question 2

TRUE

[jace]

Thanks for the timely response, appreciate it

[mammy1697]

Excellent