Determine the Degree of the Polynomial

question 15

Multiple Choice

Determine the degree of the polynomial.
-

• A)19
• B)-15
• C)4
• D)23

---

Definitions:

Quantity Demanded

The quantity of a product or service that buyers are prepared and financially able to buy at a certain price.

Efficiency Loss

The loss of economic efficiency that can occur when equilibrium for a good or service is not achieved, leading to potential welfare or opportunity costs.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, often due to higher market prices.