Indicate Whether the Function Is One-To-One $$B = \{ ( 4,2 ) , ( 5,2 ) , ( 6,8 ) , ( 7,4 ) \}$$

question 42

Multiple Choice

Indicate whether the function is one-to-one.

- $$B = \{ ( 4,2 ) , ( 5,2 ) , ( 6,8 ) , ( 7,4 ) \}$$

• A) Yes
• B) No

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Definitions:

Commodity X

A placeholder term for a generic good or product in economic models.

Demand Equation

Is a mathematical representation that describes the relationship between the quantity demanded of a good or service and its price, among other factors.

New Equilibrium Quantity

This refers to the quantity at which supply and demand are equal at a new price level after changes in the market.

Law of Demand

A principle stating that as the price of a product decreases, the quantity demanded increases, and vice versa, all else being equal.