Write the Equation in Exponential Form $\log _ { 17 / 5 } 1 = 0$

question 91

Multiple Choice

Write the equation in exponential form. $\log _ { 17 / 5 } 1 = 0$

• A) \(\left( \frac { 17 } { 5 } \right) ^ { 0 } = 1\)
• B) \(\frac { 17 ^ { 1 } } { 5 } = 0\)
• C) \(1 ^ { 0 } = \frac { 17 } { 5 }\)
• D) \(\frac { 17 ^ { 0 } } { 5 } = 1\)

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Definitions:

Elastic Demand

A condition where the quantity demanded of a good or service is highly responsive to changes in its price.

Output Effect

The impact on total revenue when a firm changes its output level, considering demand elasticity.

Substitution Effect

The change in consumption patterns due to a relative change in prices leading consumers to substitute one product for another.

Derived Demand

The demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.