Suppose when the price of pineapples goes from $5 to $3 per pineapple, production decreases from 3,500 pineapples to 2,000 pineapples per year. Using the mid-point method, what is the percentage change in price?
A) −0.5 percent
B) −50 percent
C) −33 percent
D) −40 percent
Correct Answer:
Verified
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