Suppose Price Decreases from $27

question 72

Multiple Choice

Suppose price decreases from $27.00 to $13.00.Using the mid-point formula,the percentage change in price is:

• A) 0.35 = 35 percent.
• B) 0.7 = 70 percent.
• C) 0.7 = 70 percent
• D) 14 percent.

---

Definitions:

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or disprove a hypothesis or theory.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of one's own sex.

Identical Twin

A twin that originates from the same fertilized egg, sharing 100% of their DNA, and typically having very similar physical traits.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.