Write 75% as a Fraction and as a Decimal

question 84

Multiple Choice

Write 75% as a fraction and as a decimal.

• A) ; 75
• B) ; 0.75
• C) ; 0.75
• D) ; 7.5
• E) ; 7.5

---

Definitions:

Unit Elasticity

Describes a scenario in demand or supply where the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Total Revenue

The total income generated by a firm from its sales of goods or services, calculated as quantity sold times price.

Elastic

A term used to describe a situation where the demand or supply for a good or service significantly changes in response to a change in price.

Inelastic

Describes a situation in demand or supply where the quantity demanded or supplied changes by a smaller percentage than the changes in price.