To Find the Average Percentage Change in Price

question 38

Multiple Choice

To find the average percentage change in price,

• A) The change in price is divided by the average price.
• B) The change in quantity is divided by the average quantity.
• C) The change in quantity is divided by the change in price.
• D) The percentage change in quantity demanded is divided by the percentage change in price.

---

Definitions:

Social Changes

Transformations in the structure and functioning of a society, often brought about by cultural, economic, or technological developments.

Sensate Culture

Sorokin’s term for a society that interprets the social and physical world through the senses.

Spiritual Enlightenment

A state of heightened awareness and understanding, often associated with achieving a deep connection with the divine or the ultimate truth.

Exponential Growth

The adoption of a new technology or behaviour by the majority of the population.