Evaluate the Determinant $$\left| \begin{array} { r r } - 9 & - 5 \\7 & 9\end{array} \right|$$

question 108

Multiple Choice

Evaluate the determinant.
- $$\left| \begin{array} { r r } - 9 & - 5 \\7 & 9\end{array} \right|$$

• A) 46
• B) \(- 46\)
• C) \(- 116\)
• D) \(- 18\)

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Definitions:

Market Price

The amount of money a buyer is willing to pay and a seller is willing to accept for a good or service in a competitive market.

Shortage

A market condition in which the demand for a product or service exceeds its supply, often leading to higher prices.

Binding Price Ceiling

A government-imposed price limit on goods or services that is set below the market equilibrium price, leading to shortages.

Price Paid

The amount of money exchanged for a good or service in a transaction.