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Author Question: If the price of milk was 1.25 a gallon and it is now 2.25 a gallon, what is the percentage change in ... (Read 62 times)

pragya sharda

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on: Jun 29, 2018
If the price of milk was 1.25 a gallon and it is now 2.25 a gallon, what is the percentage change in price?
 
  A) 4.4 percent B) 8 percent C) 44 percent D) 80 percent

Question 2

Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are 20 and 30 thousand units. What is the value of consumer surplus?
 
  A) 300 thousand B) 450 thousand C) 900 thousand D) 1,500 thousand


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olderstudent

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


pragya sharda

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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