Question

Question 9 of 19 0.5 Points Last month, Treena's T-Shirts sold 471 shirts for $15.64 per shirt. This month, Treena changes her price to $19.20 per shirt and sells 315 shirts. What is percentage change in quantity demanded? A.-37.6% B.-61.7% C-33.1% D.-51.3% Reset Selection

Answer 1

Answer: Option C

Explanaton: Given that, Demand for last month = 471 shirts

Demand for this month = 315 shirts

Change in demand = (This month demand / last month demand) - 1

= (315 / 471) - 1

= -0.3312 = -33.12%

So there is a loss of demand by 33.12% from astr month to this month.