Suppose You Are Working as a Tutor Charging $85 Per

question 60

Multiple Choice

Suppose you are working as a tutor charging $85 per hour. If your fee increases from $85 to $93 per hour, using the midpoint method, what is the percentage change in price?

• A) 8.99 per cent
• B) 9.12 per cent
• C) 9.41 per cent
• D) 8.00 per cent
• E) 8.62 per cent

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Definitions:

Expansionary Fiscal Policy

Government policy that involves increasing spending, decreasing taxes, or both to stimulate economic growth.

Demand Stimulus

Economic policies or measures aimed at increasing consumer demand to drive economic growth.

Budget Deficits

The situation where a government's expenditures exceed its revenues over a particular accounting period, leading to borrowing or debt accumulation.

Regulatory Policies

Rules or directives formulated by a governing body to regulate activities within specific areas or industries for public benefit.