Determine Whether the Given System Forms (A) a Group and (B)

question 34

Multiple Choice

Determine whether the given system forms (a) a group and (b) an Abelian group. {-8, 0, 8} under addition

• A) a group but not an Abelian group
• B) Abelian group
• C) not a group
• D) Abelian group but not a group

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Definitions:

Percentage Increase

calculates the rate at which a quantity grows over a period, expressed as a fraction of its original value.

Elastic

Describes a scenario where a small change in price leads to a large change in quantity demanded or supplied.

Inelastic

describes a situation where the demand or supply for a good is not significantly affected by changes in price.

Relatively Elastic

Describes a situation where demand for a product is sensitive to changes in its price, meaning consumers will significantly reduce or increase their demand based on price changes.