because of new technologies the price for mp3 players had decreased from $150 to $80 as a result demand for mp3 players increased from 100 to 500 for December what is the % change in demand and what is the % change in price
Added by Brylan B.
Step 1
To calculate the percentage change in price, we use the formula: \[ \text{Percentage Change in Price} = \left( \frac{\text{New Price} - \text{Old Price}}{\text{Old Price}} \right) \times 100 \] Substituting the given values: \[ \text{Percentage Change in Show more…
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