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?
Explanation:
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.
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