Suppose when the price of pineapples goes from $5 to $3 per pineapple, production decreases from 3,500 pineapples to 2,000 pineapples per year. Using the mid-point method, the percentage change in price would be:

A. 0.50
B. 54 percent
C. -50 percent
D. 0.54


Answer: C

Economics

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