4,986 in Verbal Form Is Written as Four Thousand, Nine

question 49

True/False

4,986 in verbal form is written as four thousand, nine hundred eighty-six.

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Definitions:

Price Increase

A rise in the cost of goods or services over time, which can affect purchasing power and economic dynamics.

Unit Elasticity

A situation in economics where the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Quantity Demanded

Quantity demanded is the total amount of a goods or services that consumers are willing and able to purchase at a specific price level.

Product X

A placeholder name commonly used to denote a specific product, goods, or service in economic models and discussions that is not further specified.