Suppose When the Price of Pineapples Goes from $5 to $3

question 149

Multiple Choice

Suppose when the price of pineapples goes from $5 to $3 per pineapple, production decreases from 3,500 pineapples to 2,000 pineapples per year. Using the mid-point method, what is the percentage change in price?

• A) −0.5 percent
• B) −50 percent
• C) −33 percent
• D) −40 percent

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Definitions:

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A complex system of beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another.

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The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

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The essential beliefs, practices, symbols, and knowledge that a culture relies on for survival and maintaining its identity.