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?
Answer: C
The price volatility for each individual.
The price volatility for sugar is least, hence answer choice is (c).
Note: Average price can be calculated by highest price, lowest price, ending and beginning price.
