Suppose Price Increases from $7

question 123

Multiple Choice

Suppose price increases from $7.00 to $13.00.Using the mid-point formula,the percentage change in price is:

• A) .0.6 = 60 percent.
• B) 0.6 = 60 percent.
• C) 70 percent.
• D) 130 percent.

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Definitions:

Idiosyncrasy Credit

A concept in social psychology that allows individuals to deviate from group norms without sanction if they have previously contributed positively to the group.

Legitimate Power

This refers to the authority someone has due to their position or role within a formal organizational setting.

Accumulate

To gather or pile up something gradually as time passes, often leading to a large quantity.

Exert Influence

The act of using one's power, authority, or personal appeal to affect or change someone's beliefs, attitudes, or actions.