For a Network Consisting of N Nodes, a Minimal Spanning

question 11

Multiple Choice

For a network consisting of N nodes, a minimal spanning tree will consist of:

• A)N -2 arcs.
• B)N -1 arcs.
• C)N arcs.
• D)N + 1 arcs.

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.

Elastic Demand

A situation in which the demand for a good or service significantly changes in response to a change in price.

Inelastic Demand

A situation where the demand for a product does not change significantly in response to price changes.

Midpoint Method

A technique used in economics for calculating the percentage change between two numbers, considering the average of the two numbers as the base.