Solve the Problem. -On a Biology Test, a Student Got 25 Questions Correct

question 217

Multiple Choice

Solve the problem.
-On a biology test, a student got 25 questions correct but did not pass. On a second attempt, the student got 32 questions correct. What was the percent of increase?

• A) 72%
• B) 21.9%
• C) 28%
• D) 7%

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Definitions:

Utility Function

A mathematical representation used in economics to model the preference or satisfaction a consumer derives from consuming goods and services.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one good for another.

Income Effect

The change in an individual's or market's consumption resulting from a change in real income.

Inferior Good

A type of good for which demand decreases as the income of consumers increases.