If the price of milk was 1.25 a gallon and it is now 2.25 a ...

[pragya sharda]

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

[olderstudent]

Answer to Question 1

D

Answer to Question 2

B

[pragya sharda]

Wow, this really help

[kthug]

Thanks for the timely response, appreciate it