Solve the Given Problem, Using Decimal Equations: If You Drove

question 8

Multiple Choice

Solve the given problem, using decimal equations: If you drove 487 miles at 60 miles per hour, how long did your trip take?

• A)427 hours
• B)5.53 hours
• C)0.12 hours
• D)8.12 hours

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Definitions:

Increase in Price

A situation where the cost of goods or services rises, potentially due to factors like higher demand, production costs, or inflation.

Supply and Demand

Supply and demand is an economic model that explains the interaction between the availability of a resource and the desire for that resource, affecting its price.

Bid-ask Spread

The difference between the highest price a buyer is willing to pay for an asset and the lowest price a seller is willing to accept.

Market Maker

A participant in the financial markets who stands ready to buy and sell securities regularly at their own risk to provide liquidity and help the market function smoothly.