Solve Using the Addition Principle $$x + \frac { 2 } { 21 } > \frac { 8 } { 21 }$$

question 206

Multiple Choice

Solve using the addition principle. Graph and write set-builder notation for the answer.
- $$x + \frac { 2 } { 21 } > \frac { 8 } { 21 }$$

• A) \(\left\{ x \mid x > \frac { 2 } { 7 } \right\}\)
• B) \(\left\{ x \mid x < \frac { 3 } { 7 } \right\}\)
• C) \(\left\{ x \mid x > - \frac { 2 } { 7 } \right\}\)
• D) \(\left\{ x \mid x > \frac { 2 } { 7 } \right\}\)

Analyze the implications of quotas and price ceilings/floors on surplus, shortage, and market inefficiencies.

Illustrate the concept of deadweight loss and its relation to market interventions such as quotas and price controls.

Identify the role of minimum wages as a form of price floor and its impact on employment and market dynamics.

Evaluate the ethical and political motivations behind the implementation of price controls by the government.

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