Simplify and Write with Positive Exponents Only $9 - 1 + 8 ^ { - 1 }$

question 29

Multiple Choice

Simplify and write with positive exponents only.
- $9 - 1 + 8 ^ { - 1 }$

• A)\(\frac { 17 } { 72 }\)
• B) \(\frac { 72 } { 17 }\)
• C) 2
• D) 1

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Definitions:

Black Market

A market in which goods or services are bought and sold illegally, either because it is illegal to sell them at all or because the prices charged are legally prohibited by a price ceiling.

Binding Price Ceiling

A legally established maximum price for goods or services, set below the equilibrium price, leading to shortages.

Supply and Demand

The fundamental model in economics that describes how prices are determined in a market based on the quantity of goods or services available and the desire for them.

Price Ceiling

A legally imposed maximum price for goods or services, intended to protect consumers from high prices.