Let a = {1, 3, 5, 7}

question 74

Multiple Choice

Let A = {1, 3, 5, 7}
B = {5, 6, 7, 8}
C = {5, 8}
D = {2, 5, 8}
U = {1, 2, 3, 4, 5, 6, 7, 8}.
Determine whether the statement is true or false.
-C ⊂ D

• A) True
• B) False; C is not equal to D.
• C) False; D is a subset of C.
• D) False; C is equal to D.

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Definitions:

Least Elastic Supply

A situation in the market where the supply of a product or service is least responsive to changes in price.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply by averaging the start and end points of a range.

Drug Interdiction

The policy or practice of preventing the importation, trafficking, and use of illegal drugs by enforcement or military means.

Supply Curve

A visual chart illustrating the connection between a product's price and the amount of the product that sellers are ready to manufacture and offer for sale.