The data show that an individual's wealth tends to first increase ...

[DelorasTo]

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?

[xiaomengxian]

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]

Great answer, keep it coming

[irishcancer18]

Thanks for the timely response, appreciate it