12 Wrestlers Compete in a Competition

question 96

Multiple Choice

12 wrestlers compete in a competition. If each wrestler wrestles one match with each other wrestler, what are the total numbers of matches?

• A) 156
• B) 78
• C) 66
• D) 132

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Definitions:

Parallel Demand Curves

Graphical representations of the demand for two or more goods that do not intersect, indicating no direct substitution effect between them.

Elastic

Describes a situation in economics where the demand or supply for a good or service significantly changes in response to changes in price.

Price Elasticity

A measure showing the correlation between the price of a good and the demand for it.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period of time.