Recall the Application about Hurricane Katrina and housing prices to answer the following question(s) .
After Hurricane Katrina, about 250,000 New Orleans residents relocated to Baton Rouge, Louisiana, and as
a result, housing prices in Baton Rouge rose from an average of $130,000 for a single -family home to
$156,000 six months later. Just prior to the hurricane, 3,600 homes were listed for sale in Baton Rouge, and
a week after the hurricane only 500 homes were listed for sale.
-According to this Application, from the time period immediately preceding Hurricane Katrina to just one week after the storm, the number of homes listed for sale in Baton Rouge decreased by approximately _______ percent.
A) 31
B) 62
C) 72
D) 86
Correct Answer:
Verified
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