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Earn +20 ptsQ: How do you find 2 percent of a quantity?
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What process do you use to do find percent change of a quantity?
Multiplying
What is the definition and example of percent proportion?
compares part of a quantity to the hole quantity using a percent
How do you find 22 percent?
find 10% * it by 2 find 1 percent * it by 2 add together
What is the price elasticity for a good when there is a 10 percent decrease in price which results in a 2 percent increase in quantity demanded?
2/10=0.2 <1 the good is price inelastic
When the percent of change is negative?
The quantity is decreasing.
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