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:

Normalizing

The process of making certain behaviors, values, or conditions seem normal within a society or group, often through repeated exposure or endorsement.

Excusing

The act of justifying or rationalizing one's behavior or mistakes to lessen responsibility or guilt.

Quid Pro Quo Sexual Harassment

Takes place when sexual threats or bribery are made a condition of employment decisions.

Sexual Threats

Expressions or actions intended to frighten or coerce individuals by invoking fear of sexual violence or harassment.