Answer: a. 10%
b. -30%
Explanation:
a. What is the percentage change in the price of milk?
Old price = $5.00
New price = $5.50
Percentage change = ($5.50 - $5.00)/$5.00 × 100
= 0.50/5.00 × 100
= 1/10 × 100
= 10%
Percentage change on price = 10%
b. What is the percentage change in the quantity demanded for Boo Berry Cereal?
Old quantity = 1000
New quantity = 700
Percentage change = (700 - 1000)/1000 × 100
= -300/1000 × 100
= -30%
The percentage change in the quantity demanded for Boo Berry Cereal is -30%.
I would need to see the chart but if BigBox has more, it would be they are the dominant, and same for CheapStore. basically, whoever has more revenue (money production) will have the dominant strategy.
<span>The answer is A. Communism is an ideology where the state is
the one who rules. It is a totalitarian
form of government where individuals serve the Communist state and promote its
ideology. It runs counter to American
values because in a democratic society, people have the right to be what they
want to be as well as express their opinions and ideas even if it means
criticizing the government which cannot be done in Communism. Americans also value the right to accumulate
wealth whereas Communism is against any form of capitalism. Everybody gets the same thing no more and no
less. In a Democratic-capitalist
society, you the right pursue your dreams as well as accumulate wealth so long
as it is done with the laws.</span>
Answer:
Walking to the convenience
store to buy a snack.
