Provide an Appropriate Response

question 12

Essay

Provide an appropriate response.
-Convert the repeating decimal 2.626 262 . . . into a reduced fraction.

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Definitions:

Quota Rent

The earned income by holders of a production or import quota, representing the difference between domestic and world prices of a good.

Government Imposes

Refers to actions or regulations that a government puts into place regarding economic or social policies.

Shrimp Market

An economic market specifically for the trading and selling of shrimp, influenced by factors like supply, demand, seasonality, and aquaculture developments.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity.