Find $\lim _ { h \rightarrow 0 } \frac { f ( x + h ) - f ( x ) } { h }$

question 103

Multiple Choice

Find $\lim _ { h \rightarrow 0 } \frac { f ( x + h ) - f ( x ) } { h }$ for $f ( x ) = 8 - x$ .

• A) 1
• B) 9
• C) \(- 1\)
• D) 8
• E) limit does not exist

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Definitions:

Price Elasticity of Supply

This measures how much the quantity supplied of a good changes in response to a change in the price of that good.

Midpoint Formula

A method used in economics to calculate the elasticity of a variable, such as demand or supply, based on changes in price and quantity from a midpoint on a curve.

Elastic

Describes a situation in economics where the demand or supply for a good or service significantly changes in response to a change in price.

Perfectly Inelastic

A situation in market demand or supply where the quantity demanded or supplied does not change regardless of changes in price.