Solve the Problem. -In How Many Ways Can a Group of 7 Students

question 268

Multiple Choice

Solve the problem.
-In how many ways can a group of 7 students be selected from 8 students?

• A) 1
• B) 7
• C) 56
• D) 8

---

Definitions:

Price Elasticity

A measure of how the quantity demanded of a good or service changes in response to changes in its price, indicating the sensitivity of consumers to price changes.

Cable Subscribers

Consumers who pay for access to cable television services.

Unit Elasticity

A situation in economics where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified time period.