Change the Decimal to a Percent. 3.43

question 409

Multiple Choice

Change the decimal to a percent. 3.43

• A) 65.7%
• B) 34.3%
• C) 343%
• D) 657%
• E) 3,430%

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Definitions:

Price Elastic

Describing a situation where the demand for a product is sensitive to price changes, meaning a relatively small change in price leads to a large change in the quantity demanded.

Supply Curve

A graph that details the interaction between the price level of a commodity and the quantity of it provided.

Per-unit Tax

A tax imposed on each unit of a good or service sold, affecting the supply curve by increasing production costs.

Tax Burden

The total amount of tax levied on an individual, corporation, or other entity, often expressed as a proportion of income or economic output.