2. Compute the percentage change in the quantity demanded for x if the old price of x is 10 pesos and the new price of x is 15 pesos Hint: a percentage change is [(new value- old value)/old value]*100 % O A. – 5% B. 5% C. -12.5% D. -25% E. None of the above
2. Compute the percentage change in the quantity demanded for x if the old price of x is 10 pesos and the new price of x is 15 pesos Hint: a percentage change is [(new value- old value)/old value]*100 % O A. – 5% B. 5% C. -12.5% D. -25% E. None of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![2. Compute the percentage
change in the quantity
demanded for x if the old price
of x is 10 pesos and the new
price of x is 15 pesos Hint: a
percentage change is [(new
value- old value)/old
value]*100 %
A. – 5%
|
B. 5%
C. -12.5%
D. -25%
O E. None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2b41efb9-2eba-4f45-8750-7324f9d0cbca%2F38e3945e-983b-43a5-9c44-84cecb691e9c%2Fikcuc3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. Compute the percentage
change in the quantity
demanded for x if the old price
of x is 10 pesos and the new
price of x is 15 pesos Hint: a
percentage change is [(new
value- old value)/old
value]*100 %
A. – 5%
|
B. 5%
C. -12.5%
D. -25%
O E. None of the above
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