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Author Question: The data show that an individual's wealth tends to first increase and then to decrease over the ... (Read 76 times)

DelorasTo

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on: Jun 29, 2018
The data show that an individual's wealth tends to first increase and then to decrease over the person's lifetime.
 
  Indicate whether the statement is true or false

Question 2

Suppose that the quantity of staplers demanded falls from 10,000 per week to 8500 . Use the midpoint formula to calculate the percentage change in quantity demanded.
 
  What will be an ideal response?


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xiaomengxian

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

TRUE

Answer to Question 2

 change in quantity demanded = 8,500 -10,000/(8,500 + 10,000)/2 = -1500/(18,500/2= -1500/9,250 = -16.2


DelorasTo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kusterl

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Reply 3 on: Yesterday
Excellent

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