Use the Table Below to Answer the Following Questions

question 84

Multiple Choice

Use the table below to answer the following questions.
Table 20.4.1

-Refer to Table 20.4.1.In this table,at 2012 prices,the value of production from 2011 to 2012 has increased by

• A)56 percent.
• B)91.7 percent.
• C)10.8 percent.
• D)54.5 percent.
• E)77.3 percent.

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Definitions:

Buyers of Coffee

Individuals or entities that purchase coffee for consumption, resale, or further processing.

Net Price

The actual price paid for a product or service after deducting any discounts, rebates, or allowances from the list price.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market forces balance.

Tax Burden

The total amount of tax that individuals or businesses must pay to governmental authorities.