Suppose the Price of a Good Increases from $9 to $11

question 59

Multiple Choice

Suppose the price of a good increases from $9 to $11. Using the mid-point formula, what is the percentage change in price?

• A) −20 percent
• B) 25 percent
• C) 20 percent
• D) 2 percent

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Definitions:

Employee Relations Team

A group within an organization responsible for maintaining positive relationships between the employer and its employees, addressing concerns, and resolving conflicts.

Organizational Change

Refers to the process through which a company or organization alters its structures, strategies, operational methods, technologies, or organizational culture.

Corporate Culture

Beliefs and behaviors that determine how a company’s employees and management interact as well as handle outside business transactions.

Corporate Culture

The shared values, behaviors, and beliefs that define the ethos of a company and influence its environment and how it conducts business.