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

question 56

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.
-D ⊆ B

• A) False; the sets must have the same number of elements.
• B) False; the elements are not the same.
• C) False; the elements are the same.
• D) True

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Definitions:

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various prices.

Higher Price

An increase in the cost of a good or service, often reflecting factors like demand and supply changes, production costs, or market conditions.

Supply And Demand Theory

A basic economic principle that describes how the quantity of goods provided by producers and the quantity desired by consumers affect the market price and allocation of resources.