Simplify and Write the Answer in Standard Form

question 42

Multiple Choice

Simplify and write the answer in standard form.

---

Definitions:

Equilibrium Price

The price at which the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Legal Services

Professional services provided by lawyers or law firms to advise clients on legal rights and obligations, or represent them in legal matters.

Marginal Expenditure

The extra expense that comes from buying an additional unit of a product or service.

Labor Market

The marketplace in which employers find workers and workers find jobs, characterized by the supply and demand for labor.