Use the Graph,which Shows the Average Retail Prices of 1

question 55

Multiple Choice

Use the graph,which shows the average retail prices of 1 gallon of whole milk from 1996 through 2007.​ ​ Approximate the percent change in the price of milk from the price in 2000 to the highest price shown in the graph.
​

• A)About 48%
• B)About 58%
• C)About 43%
• D)About 53%
• E)About 38%

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Definitions:

Metamediary

A digital intermediary that connects buyers and sellers or provides information and services across multiple industries or sectors online.

Commoditized

When a product becomes indistinguishable from others like it on the market and competes mainly on price.

Differentiation

The method of differentiating a product or service to make it appeal more to a specific target audience.

Utility

The total satisfaction or benefit derived from consuming a good or service.