Choose the One Alternative That Best Completes the Statement or Answers

question 90

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Find the exact value of the expression.
- $\cos ^ { - 1 } [ \cos ( - 0.9372 ) ]$

• A) \(- 0.9372\)
• B) \(0.4686\)
• C) \(- 0.4686\)
• D) \(0.9372\)

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Definitions:

Excise-Tax Revenues

Government income derived from taxes imposed on specific goods, services, or activities.

Tax Rate

The percentage of income or value of goods that is collected by the government as tax.

Elastic Demand

Product or resource demand whose price elasticity of demand is greater than 1, so that any given percentage change in price leads to a larger percentage change in quantity demanded. As a result, quantity demanded is relatively sensitive to (elastic with respect to) price.

Price Elasticity

A measure of how sensitively the quantity demanded of a good or service responds to a change in its price.