Are the Following Statement Forms Logically Equivalent $p \vee q \rightarrow p$

question 9

Essay

Are the following statement forms logically equivalent: $p \vee q \rightarrow p$ and $p \vee ( \sim p \wedge q ) ?$ Include a truth table and a few words explaining how the truth table supports your answer.

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Definitions:

Elastic Supply

A situation where the quantity supplied of a good or service changes significantly in response to changes in price, indicating flexibility in the production process.

Actual Incidence

The true distribution of a tax burden or the actual effect of a financial activity on different groups or entities.

Tax Burden

The measure of the total amount of taxes paid by individuals or businesses relative to their income, often used to assess the impact of taxation on economic well-being.

Market Prices

Prices determined by the supply and demand for goods and services in a competitive market.