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In 2012,Smileytown Consumed 50,000 Tubes of Toothpaste

question 60

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In 2012,Smileytown consumed 50,000 tubes of toothpaste.In 2013,toothpaste consumption rose to 62,000 tubes.Calculate the percentage change in toothpaste consumption.


Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Policymakers

Individuals or groups responsible for creating and implementing laws, regulations, or guidelines within an organization or government.

Milk Shortage

A situation in which the supply of milk is insufficient to meet the demand in a given market or area, often leading to increased prices.

Price Ceiling

A legal maximum price set by the government for a particular good or service to prevent prices from becoming too high.

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