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If the quantity demanded of rice de- creased from 150 bags to 100 bags, the percentage change in quantity demanded is
- A30.0 %
- B33.3 %
- C50.0%
- D66.7%
Explanation
Percentage change in quantity demanded is calculated as [(Change in Quantity) / (Original Quantity)] × 100. Here, Change = 150 - 100 = 50. Therefore, (50 / 150) × 100 = 33.3%.
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