Choose the One Alternative That Best Completes the Statement or Answers

question 174

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Simplify.
- $4 ^ { - 2 }$

• A) \(- 16\)
• B) \(- 8\)
• C) \(\frac { 1 } { 16 }\)
• D) 2

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.

Demand Function

A mathematical representation that describes the quantity of a good or service consumers are willing and able to purchase at various prices.

Tickets

Documents that grant the holder the right to enter an event, travel on a vehicle, or participate in an activity.

Price Elasticity

Measures the responsiveness of quantity demanded or supplied of a good to a change in its price, with elasticity types including elastic, inelastic, and unitary.