Final answer:
The percent decrease in unfit bakery items was calculated using the formula for percent decrease, and it is approximately 13.17%.
Step-by-step explanation:
To calculate the percent decrease in unfit bakery items, we can use the formula percent decrease which is defined as the change in quantity divided by the original quantity, and then multiplied by 100. In this case, the bakery originally had 372 items deemed unfit for sale and this number decreased to 323 unfit items. The calculation would look like this:
Percent Decrease = [(Original Quantity - New Quantity) / Original Quantity] × 100
= [(372 - 323) / 372] × 100
= [49 / 372] × 100
≈ 13.17%
The percent decrease in unfit bakery items is approximately 13.17%.
Regarding the provided references about equilibrium, prices, and demand, they suggest that in an economic context, a change in market conditions can lead to a shift in equilibrium price and quantity, similar to how the decrease in demand for bakery items led to a decrease in the quantity of unfit items. However, these concepts are not directly related to the calculation of the percent decrease in unfit bakery items.