Solve the Following Inequality Using the Multiplication Property of Inequalities

question 265

Multiple Choice

Solve the following inequality using the multiplication property of inequalities. If you multiply both sides by a negative number, be sure to reverse the direction of the inequality symbol. Graph the solution set.

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Definitions:

Normal Good

A good for which demand increases as the income of individuals increases, all other factors being constant.

Utility Function

An economic formula that explains the preference ratings associated with consuming different combinations of goods, reflecting consumer satisfaction.

Commodities

Fundamental products utilized in business transactions that can be exchanged with similar types of items.

Utility Function

A representation of how different combinations of goods or services produce levels of happiness or satisfaction for an individual or entity.