Use the Change-Of-Base Formula to Rewrite the Logarithm as a Ratio

question 78

Multiple Choice

Use the change-of-base formula to rewrite the logarithm as a ratio of logarithms.Then use a graphing utility to graph the ratio.
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Definitions:

Price-Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Elastic

A term in economics that describes the sensitivity of demand or supply to changes in price or income.

Price Range

The spread between the lowest and highest price at which a product or service is offered in the market.

Demand Schedule

A table that shows the quantity of a good or service demanded at different price levels.