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Use a Factoring Formula to Factor the Expression 64s3125t364 s ^ { 3 } - 125 t ^ { 3 }

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Use a Factoring Formula to factor the expression. 64s3125t364 s ^ { 3 } - 125 t ^ { 3 }

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Quantity Demanded

The total amount of a commodity that consumers are willing to purchase at a specific price point, at a given time.

Perfectly Elastic

A situation in economics where a small change in price leads to an infinite change in quantity demanded or supplied.

Inelastic

Refers to a scenario where the supply or demand for a product or service shows little to no reaction to price fluctuations.

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