Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the united states is 8 million barrels per day. also suppose that when the price of gas decreases to $2.25 per gallon, the total amount of gasoline purchased is 12 million barrels per day. based on these numbers and using the midpoint formula, the percentage change in the quantity demanded is:

Answers

Answer 1

Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.

Percentage change in the quantity demanded

Using this formula

Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100

Let plug in the formula

Percentage change in quantity demanded=(12 - 8) / 8

Percentage change in quantity demanded =4/8×100

Percentage change in quantity demanded=50%

Inconclusion the percentage change in the quantity demanded is: 50%.

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Related Questions

Letitia is in high school. she wants to go to medical school in kentucky and then become a pediatric surgeon to help children. which best describes her goals? going to medical school is her short-term career goal, and becoming a pediatric surgeon is her long-term financial goal. going to medical school is her short-term educational goal, and becoming a pediatric surgeon is her intermediate career goal. going to medical school is her intermediate educational goal, and becoming a pediatric surgeon is her long-term career goal. going to medical school is her long-term career goal, and becoming a pediatric surgeon is her short-term financial goal.

Answers

Goals are the future commitment to achieve to get the desired result. Her intermediate academic goal is to go to medical school.

What are intermediate and long-term goals?

Intermediate are goals that can be achieved in course of one to five years of duration and require a bit of saving. This type of goal includes educational accomplishments.

Long-term goals are goals that take many years to accomplish and require much savings. It may include learning something new, starting a business, specializing in an educational field, etc.

Therefore, option C. attending medical school is intermediate, and becoming a pediatric surgeon is a long-term goal.

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Answer:

Explanation:

did it on edg:)

Ammunition Handlers conduct joint inventory with the unit using _________ to ensure the unit is getting the correct quantities and types of ammunition.

Answers

The DA Form 3151-R is used to ensure the unit is getting the correct quantities and types of ammunition.

Who are the Ammunition Handlers?

These are people that conduct a periodic inventory of ammunition, ammunition components and ammunition related material.

They also perform a principal duties of receipt, storage, and issue of ammunition etc.

Answers

There are Seven different types of Kitchen Scales. They are,

1. Balance Scale

2. Mechanical Scale

3. Digital Scale

What is a Kitchen Scale?

A kitchen scale is a weight machine that lets a person quantify the weight of a certain product.

4. Large Capacity Scale

5. Hanging Scale

Analog Hanging ScaleDigital Hanging Scale

6. Top loading Dial Scales

7. Metric System Scale

The various kitchen scales are used by people for measuring and weighing the products. There are digital as well as analog scales which are used by the users based on their preferences for calculations.

The given statement is True.

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____________ protects you against financial loss when your car damages other vehicles, street signs, or buildings.

Answers

car insurance or auto liability insurance. car insurance is the main answer but auto liability insurance is when you are at fault for the damages

Answer:

Collision insurance

Explanation:

Collision insurance replace your car if it's damaged in an accident with another vehicle or a object.

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