A Fair Die Is Rolled Two Times

question 46

Multiple Choice

A fair die is rolled two times. What is the probability that both rolls are 3?

• A) 0.028
• B) 0.167
• C) 0.083
• D) 0.0046

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Definitions:

Perfectly Inelastic

A market condition where the quantity demanded or supplied does not change despite changes in price.

Demand Curve

The demand curve is a graphical representation that displays the relationship between the price of a good or service and the quantity demanded by consumers at varying price levels.

Unitary Elasticity

A situation in which the quantity demanded or supplied of a good changes by the same percentage as the change in price.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period, typically showing a downward slope.