Solve and Check Your Solution(s)

question 118

Multiple Choice

Solve and check your solution(s) . If the equation has no real solution, so state.
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• A) 0
• D) no real solution

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, clearing the market.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect.

Quantity Demanded

The amount of a good or service that consumers are willing and able to buy at a given price.

Price

The monetary value assigned to a product or service, indicating how much a buyer must pay to acquire it.