Solve the Following Equation

question 35

Multiple Choice

Solve the following equation. Be sure to check each answer in the original equation if you multiply both sides by an expression that contains the variable.

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Definitions:

Cheap

Describes goods or services that are available at a low cost, making them easily affordable.

Paradox

A statement or proposition that, despite sound reasoning from acceptable premises, leads to a conclusion that seems logically unacceptable or self-contradictory.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price or other economic factors.

Demand

The desire of purchasers, consumers, or clients for a particular good or service, coupled with the ability and willingness to pay for it.