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AnswerThe geometric mean of Laspeyre's and Paasche's price indices is called Fisher's price index.
index is the same as power The index of a number say how many times you have to use the number in a multiplictaion. e.g; 2 10 = 10*10=100
It is: L = 50
L is the Roman numeral for 50.
It is: L = 50