Find the Exact Value Of $\log _ { 4 } 12 - \log _ { 4 } 3$

question 89

Multiple Choice

Find the exact value of $\log _ { 4 } 12 - \log _ { 4 } 3$ without using a calculator.

• A) \(\frac { 1 } { 2 }\)
• B) 1
• C) 3
• D) \(\frac { 3 } { 2 }\)
• E) 4

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in the market, leading to a state of balance.

Economic Theory

A conceptual framework explaining how economies operate, including principles on production, distribution, and consumption of goods and services.

Product Supply

The total amount of a product or service that is available for purchase by consumers at a given price point and time.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level.