Solved

Suppose the Price of a Silk Tie Rises from $45

Question 112

Multiple Choice

Suppose the price of a silk tie rises from $45 to $55. Using the midpoint method, what is the percentage change in price?

A) 20 per cent
B) 100 per cent
C) 10 per cent
D) -10 per cent
E) -20 per cent

Related Questions

Q107: When the price of pizzas rises by

Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above

Q109: The lower the level of income in

Q110: The cross elasticity of demand is a

Q111: When two goods are related such that

Q113: If the price of a good rises,

Q114: Which of the following is correct?<br>A) The

Q115: If the percentage change in price is

Q116: Which of the following is correct? i.

Q117: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above