Find the Indicated Term of the Geometric Sequence $a _ { 8 } = - 768$

question 28

Multiple Choice

Find the indicated term of the geometric sequence. Given $a _ { 8 } = - 768$ and $r = 2$ , find $a _ { 1 }$ .

• A) 12
• B) \(- 6\)
• C) \(- 12\)
• D) 6

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Definitions:

Price Fall

A reduction in the market price of a good or service, which can influence consumer behavior and economic conditions.

Demand Function

A mathematical expression that shows the relationship between the quantity demanded of a good and its price, holding other factors constant.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price or other economic variables.

Elasticity of Demand

Quantifies the change in demand for a commodity in response to its price movements.