Write the Equation in Logarithmic Form

question 5

Multiple Choice

Write the equation in logarithmic form.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Fresh Fish

Fish that have been recently caught and have not been frozen or processed.

Total Revenue

Total Revenue is the full amount of money received by a company for its goods or services, before any expenses are subtracted.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market.