Perform the Indicated Operation $\frac { 7 } { 8 } - \frac { 1 } { 4 }$

question 107

Multiple Choice

Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
- $\frac { 7 } { 8 } - \frac { 1 } { 4 }$

• A) \(\frac { 3 } { 4 }\)
• B) \(\frac { 5 } { 8 }\)
• C) \(\frac { 3 } { 16 }\)
• D) \(\frac { 5 } { 2 }\)

---

Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Demand Increases

A situation where the quantity of a good or service sought by buyers rises due to factors like a decrease in price or an increase in consumer income.

Roses

Fragrant flowers from the genus Rosa, often symbolizing love and beauty, and cultivated in many varieties and colors.

Invisible Hand

A metaphor introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individuals pursuing their own interests inadvertently benefit society as a whole.