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boyakko [2]
3 years ago
14

Supply of Children's Books Price (dollars) Quantity (books) $12 24 10 20 8 16 6 12 4 8 2 4 0 0 Instructions: Round your answers

to 2 decimal places. a. Using the midpoint method, what is the percentage change in price from a price of $4 to a price of $6 per children's book
Business
1 answer:
Nataly_w [17]3 years ago
5 0

Answer:

40%

Explanation:

the percentage change in price using the midpoint method = {(P₂ - P₁) / [(P₂ + P₁)/2]} x 100

= {($6- $4) / [($6 + $4)/2]} x 100 = [$2 / ($10 / 2)] x 100 = ($2 / $5) x 100 = 0.4 x 100 = 40%

The advantage of using the midpoint method for calculating percentage changes is that it doesn't matter if the change is positive or negative, e.g. it will yield the same result if the price increases or decreases in the same amounts.

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4 0
2 years ago
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harkovskaia [24]

Answer: A. All of these

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3 years ago
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Please award brainliest if I helped you, if not........ oh, well.

Stay happy

4 0
3 years ago
Read 2 more answers
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