Use a Differential to Approximate

question 201

Multiple Choice

Use a differential to approximate . Hint: Let ​ and compute dy with x = 4 and dx = 0.02 .

• A) 2.83477
• B) 2.57789
• C) 1.83793
• D) 2.50375

Recognize the relationship between market equilibrium, surplus, and shortage.

Distinguish between movements along and shifts of the supply and demand curves.

Understand how market mechanisms naturally move towards equilibrium.

Appreciate the distinction between supply (demand) and quantity supplied (demanded).

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