How Many Ways Are There to Choose fiVe Donuts If

question 121

Short Answer

How many ways are there to choose five donuts if there are eight varieties and only the type of each donut

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Definitions:

Demand RISE

An increase in the quantity of a product or service that consumers are willing and able to purchase at a given price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at various prices.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied at those prices in a market.

Quantity Demanded

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