To Find the Average Percentage Change in Price

question 22

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.

---

Definitions:

Mental Models

Internal representations of the external world that people use to understand and interact with it.

Theatrical Stage

A platform or area designated for the performance of plays, shows, or other dramatic presentations.

Social Category

a group of people who share a common characteristic or attribute.

Stereotyping

The act of assigning fixed, generalized traits to individuals or groups based on their membership in a particular category, often leading to oversimplification and bias.