CBSE · Class 11 · Economics · Index NumbersWholesale Price Index (WPI) measures the change in prices of goods in:
Step-by-Step Solution
Wholesale Price Index measures the change in prices of goods traded in the wholesale market.
Detailed Options Breakdown
Option : Retail market
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Index Numbers.
Option 1: Wholesale market (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: International market only
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Index Numbers.
Option 3: Black market
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Index Numbers.
💡 Study Guide: This question tests core syllabus concepts from Index Numbers. For formulas, key summaries, and mock exam reference guides, read the full Index Numbers Revision Notes.