Provide an Appropriate Response

question 44

Multiple Choice

Provide an appropriate response.
-If A is a 5 × 2 matrix and A+ K = A, what can you say about K?

• A)K is a 2 × 5 matrix and each of its entries is the negative of the corresponding entry of A.
• B)K is a 2 × 5 matrix and all entries of K are equal to 0.
• C)K is a 5 × 2 matrix and all entries of K are equal to 0.
• D)K is a 5 × 2 matrix and each of its entries is the negative of the corresponding entry of A.

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Definitions:

Binding Price Floor

A government-imposed minimum price set above the equilibrium price, leading to excess supply and potential market inefficiencies.

Shortage

A situation where the demand for a product or service exceeds its supply in a market.

Binding Price Floor

A government-imposed price control or limit that sets a minimum price for a good or service, above the equilibrium price, causing a surplus in the market.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price over a certain period of time.