The Table Given Below Reports the Price of Soda Over

question 64

Multiple Choice

The table given below reports the price of soda over four consecutive years. Table 5.7
Refer to Table 5.7.By what percentage did the price of soda increase from the third to the fourth year?

• A)15 percent
• B)30 percent
• C)35 percent
• D)18 percent
• E)65 percent

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Definitions:

Economic Strategy

A plan of action designed to achieve specific financial or market objectives.

Exports

Items or services that are manufactured in one nation and purchased by consumers in a different country.

Imports

Goods or services brought into a country from abroad for sale or use.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, representing a measure of consumer benefit.