Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 1 - Appendix - Using Graphs and Percentages - Exercises - Page 26: A.6

Answer

10% -2% 6%

Work Step by Step

$percent\ change = \frac{new\ value-old\ value}{old\ value}\times100$ $\frac{11-10}{10}\times100=\frac{1}{10}\times100=10$ $\frac{98-100}{100}\times100=\frac{-2}{100}\times100=-2$ $\frac{53-50}{50}\times100=\frac{3}{50}\times100=6$
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