Refer to the Accompanying Table to Answer the Following Questions

question 70

Multiple Choice

Refer to the accompanying table to answer the following questions.

-The price of erasers increases from $0.50 to $1.00 per eraser.By what percentage does the quantity demanded of pencils change? (Use the midpoint method. )

• A) 8.70 percent
• B) 22.22 percent
• C) -22.22 percent
• D) -8.70 percent
• E) 6.67 percent

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Definitions:

Federal Agency Procedure

The set of rules and processes that federal agencies in the United States must follow in executing their functions, including rulemaking, enforcement, and adjudication.

Agency Action

Any action taken by a governmental agency, ranging from rule-making to enforcement and adjudication.

Unsubstantiated

Lacking adequate support, proof, or confirmation, often used in the context of claims or allegations that have not been verified.

Substantial Evidence

Evidence that is adequate and sufficient to support a conclusion or the finding of a fact in legal proceedings, more than a mere scintilla but less than a preponderance.