Use Inductive Reasoning to Predict the Next Number in the Sequence

question 9

Multiple Choice

Use inductive reasoning to predict the next number in the sequence.
-29, 24, 19, 14, 9

• A) 2
• B) 5
• C) 0
• D) 4

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services, often aimed at curbing inflation or protecting consumers.

Market Efficiency

A condition in which market prices fully reflect all available information, allowing for optimal allocation of resources without waste.

Non-price Factors

Elements that influence consumer decision making and market trends, such as product quality, brand loyalty, and consumer preferences, aside from the price.