Solve for Rate in the Problem

question 77

Multiple Choice

Solve for rate in the problem. Round to the nearest tenth of a percent.
-% of 47 clients is 362 clients.

• A)1.3
• B)77.0
• C)770.2
• D)0.1

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Definitions:

Supply

The total amount of a certain good or service that is available for purchase at a particular price level and time.

Perfectly Inelastic

Refers to a market situation where the quantity demanded or supplied does not change regardless of the price level changes.

Perfectly Elastic

Describes a market situation where quantity demanded or supplied changes by an infinite amount in response to any change in prices.

Demand

The willingness and ability of consumers to purchase goods and services at various prices.