Express the Interval in Set Builder Notation and Graph the Interval

question 2

Multiple Choice

Express the interval in set builder notation and graph the interval on a number line.
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• A)domain: \( (0, \infty) \) range: \( (\infty, \infty) \)
• B)domain: \( (\infty, \infty) \) range: \( (\infty, \infty) \)
• C) domain: \( (\infty, \infty) \) range:\(0,\infty) \)
• D)domain: \( (0, \infty) \) range: \( (0, \infty) \)

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Definitions:

Competitive Equilibrium

A market state where supply equals demand, leaving no incentive for price changes.

Demand Equals Supply

A market condition where the quantity of goods desired by buyers matches the quantity of goods produced by sellers, leading to market equilibrium.

Initial Endowment

Refers to the initial allocation of resources, such as money, property, or goods, that an individual or entity possesses.

Demand Equals Supply

An equilibrium condition in markets where the quantity of a good demanded by consumers is equal to the quantity of the good supplied by producers.