Use the Properties of Logarithms to Solve

question 155

Multiple Choice

Use the properties of logarithms to solve.
-

• A) -5
• B) 6
• C) 2, - 5
• D) 2

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a specific price level.

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a specific price.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market, leading to market stability.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.