Solve the Equation $\log ( 3 + x ) - \log ( x - 2 ) = \log 2$

question 94

Multiple Choice

Solve the equation.
- $\log ( 3 + x ) - \log ( x - 2 ) = \log 2$

• A) \(- 7\)
• B) \(\frac { 1 } { 2 }\)
• C) 7
• D) \(\varnothing\)

Recognize the relationship between the price elasticity of demand and tax revenue generation.

Identify when a tax on goods is likely to be effective in both reducing consumption and generating revenue.

Understand that the impact of a tax on consumption can depend on the availability of substitutes.

Know the distinction between price elastic and price inelastic demand.

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