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These questions are based on the price fluctuations of four commodities - arhar, pepper, sugar and gold during February - July 1999 as described in the figures below:
Question 144
Price volatility (PV) of a commodity is defined as follows: PV = (highest price during the period - lowest price during the period / average price during the period. What is the commodity with the lowest price volatility?
Solution
Volatility for arhar is (2300-1500)/1900 = 42%
Volatility for pepper is (19500-17500)/18500 = 10.8%
Volatility for sugar is (1500-1410)/1450 = 6.2%
Volatility for gold is (4300-3800)/4050 = 12%
Hence, the volatility is least for sugar.
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