Explanation:
To find the percent change, we need to calculate the difference between the initial population and final population, and then divide it by the initial population.
Change in population = Final population - Initial population
= 48,000 - 50,000
= -2,000
Since the change is negative, it means that there was a decrease in the population.
Percent change = (Change in population / Initial population) x 100%
= (-2,000 / 50,000) x 100%
= -0.04 x 100%
= -4%
Therefore, the percent change in the town's population is -4%.