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OpenStudy (anonymous):
The price of a certain commodity is a function of supply and demand. The table below shows the price of the commodity per barrel between 1995 and 2000. Find the average annual rate of change between 1998 and 2000. Year Price/barrel 1995 $19 1996 $24 1997 $17 1998 $11 1999 $24 2000 $35
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OpenStudy (anonymous):
Is the answer 12?
OpenStudy (anonymous):
35-11=24 divided by 2 years = 12?
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