Provide an Appropriate Response $\log _ { 10 } 2 = 0.3010$

question 43

Multiple Choice

Provide an appropriate response.
-Given $\log _ { 10 } 2 = 0.3010$ and $\log _ { 10 } 3 = 0.4771$ , find $\log _ { 10 } 54$ without using a calculator.

• A) \(0.4308\)
• B) \(1.3801\)
• C) \(1.7323\)
• D) \(0.4096\)

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Definitions:

Price Elasticity of Demand

A study of how price developments influence the demand proportions for a commodity.

Income Elasticity of Demand

An indicator of the variation in demand for a product or service resulting from alterations in buyers' income levels.

Perfectly Inelastic

A situation in demand where the quantity demanded does not change in response to a change in price.

Insulin

A hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into tissues, used medically to treat diabetes.