Suppose 30% rise in price hAve been due to several causes like reduction in supply ,increase in demand, shortage of - Economics - Introduction

Question

Suppose 30% rise in price hAve been due to several causes like
reduction in supply ,increase in demand, shortage of power,rise in
wages,risein taxes,etc Which feature of statistics does it
indicate?

Shree Varshini · Answer

IT INDICATES ONLY ON AN AVERAGE

Suppose 30% rise in price hAve been due to several causes like reduction in supply ,increase in demand, shortage of power,rise in wages,risein taxes,etc.Which feature of statistics does it indicate?