The Absolute Minimum of Occurs at X =

question 266

Multiple Choice

The absolute minimum of occurs at x =

• A) 0
• B) 4
• C) 2
• D) -2
• E) None exists

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Definitions:

Decrease

A reduction in size, number, or amount.

Substitutes Available

Other products or services that can be used in place of a particular good or service.

Inelastic

A demand or supply that is not significantly altered by changes in price.

Demand

The amount of a product or service buyers are prepared and can afford to buy at different price levels within a given timeframe.