Given -Complete Row 3 in the Table Above

question 13

Essay

Given: $\begin{array} { | c | c | c | c | c | } \hline & \text { Decimal } & \text { Frattion } & \text { Percent } & \text { Ratio } \\\hline 1 . & 0.05 & & & \\\hline 2 . & & \frac { 1 } { 8 }& & \\\hline 3 . & & & 45 \% & \\\hline 4 . & & & & 3 : 10 \\\hline\end{array}$
-Complete row 3 in the table above.

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Definitions:

Demand Schedules

Tables that show the quantity of a good or service that consumers are willing and able to purchase at different price points.

Monopolistic Competitive Industry

A market structure where many firms sell products that are similar but not identical, allowing for competition based on factors other than price.

Short Run

A period in economics where at least one input is fixed and cannot change, limiting the capacity for production adjustments.

Long Run

In economics, refers to a period in which all factors of production and costs are variable, allowing for complete adjustment to changes.