Find the Probability $\frac { 1 } { 4 }$ B) $\frac { 3 } { 8 }$

question 46

Multiple Choice

Find the probability.
-If a fair coin is tossed three times, find the probability of getting heads on the first toss and tails on the second and third tosses.

• A) \(\frac { 1 } { 4 }\)
• B) \(\frac { 3 } { 8 }\)
• C) \(\frac { 1 } { 6 }\)
• D) \(\frac { 1 } { 8 }\)

Explain the relationship between commodity prices and surplus amounts.

Assess the impact of external factors on market equilibrium and surplus.

Analyze the effects of price changes on consumer and producer surplus.

Interpret supply and demand curves and their impact on market equilibrium.

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