______ in price is measured with the help of statistical device referred to as 'price index'.

Change

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Rise

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Decline

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None of these

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Solution

The correct option is A Change

A price index is a normalized average (typically a weighted average) of price relative for a given class of goods or services in a given region, during a given interval of time.

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______ in price is measured with the help of statistical device referred to as 'price index'.

The correct option is A Change A price index is a normalized average (typically a weighted average) of price relative for a given class of goods or services in a given region, during a given interval of time.

The correct option is A Change

A price index is a normalized average (typically a weighted average) of price relative for a given class of goods or services in a given region, during a given interval of time.