Which of the Following Equations Correctly Simplifies the Calculation of (5⁵)⁵

question 12

Multiple Choice

Which of the following equations correctly simplifies the calculation of (5⁵) ⁵?

• A) 5⁽⁵⁺⁵⁾
• B) 5^(5-5)
• C) 5^(5×5)
• D) 5^(5÷5)

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Definitions:

Quantity Demanded

The total amount of goods or services that consumers are willing to buy at a given price over a certain period.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unaffected by changes in price.

Midpoint Method

A technique used to calculate the elasticity of demand or supply, offering a more accurate measure by averaging the beginning and end prices and quantities.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of demand to price changes.