Solve the Equation. -

question 121

Multiple Choice

Solve the equation.
-

• A) a = 23
• B) a = -25
• C) a = -23
• D) a = 25

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Definitions:

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Inferior Goods

Products whose demand decreases as the income of the consumer increases, opposite to normal goods.

Income Increases

Situations where individuals or households experience a rise in their earnings, leading to higher purchasing power.

Equilibrium Price

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