Solve the Equation for the Unknown Quantity $7 x + 8 = 5 x + 22$

question 260

Multiple Choice

Solve the equation for the unknown quantity.
- $7 x + 8 = 5 x + 22$

• A) \(\frac { 5 } { 2 }\)
• B) 7
• C) \(\frac { 7 } { 6 }\)
• D) 9

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Definitions:

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in its price.

Competitive Levels

The degrees of competition within a market, characterized by the number of firms, product differentiation, and market entry or exit barriers.

Nonunion Firms

Companies where the workforce is not represented by a labor union, which may affect wage levels, benefits, and working conditions.

Union Labor

refers to labor that is represented by a union, which negotiates wages, working conditions, and other employment terms on behalf of its members.