The Greek Mathematician Ptolemy Devised a

question 271

Multiple Choice

The Greek mathematician Ptolemy devised a

• A) sundial.
• B) geocentric model for the solar system.
• C) heliocentric model for the solar system.
• D) method to measure Earth's radius.

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Definitions:

Demand Function

A mathematical representation showing the quantity of a good or service that consumers are willing and able to purchase at various prices.

Reservation Price

The maximum price a buyer is willing to pay for a good or the minimum price a seller is willing to accept.

Good 1

A theoretical or specific item in economics used to model transactions, market behavior, or consumer choice.

Reservation Price

The highest price a consumer is willing to pay for a good or service, beyond which they would choose not to make a purchase.