Suppose when the price of pizza goes from $8 to $12 per pie,production increases from 2,500 pies to 4,000 pies per month.Using the mid-point method,the percentage change in price is:
A) 40 percent
B) 46 percent
C) 1.31
D) 0.35

Question

Quizplus · Accepted Answer

The percentage change in price using the mid-point method is calculated as: [(12 - 8) / ((12 + 8) / 2)] * 100 = 40 percent.

Suppose When the Price of Pizza Goes from $8 to $12