You observe the price of a latte changes from $7 to $5. Instructions: Round your answer to one decimal place. If you are entering a negative number include a minus sign. a. What is the percentage change in the price of a latte? 28.6 % b. When the price decreases from $7 to $5, quantity demanded will increase and quantity supplied will decrease
You observe the price of a latte changes from $7 to $5. Instructions: Round your answer to one decimal place. If you are entering a negative number include a minus sign. a. What is the percentage change in the price of a latte? 28.6 % b. When the price decreases from $7 to $5, quantity demanded will increase and quantity supplied will decrease
Chapter5: Supply, Demand, And Price: Applications
Section: Chapter Questions
Problem 4WNG
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it is not 28.6
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