Evaluate the Expression $( 3 + 2 \cdot 3 ) ^ { 4 }$

question 253

Short Answer

Evaluate the expression. $( 3 + 2 \cdot 3 ) ^ { 4 }$

---

Definitions:

Normal Good

A good for which demand increases as the income of consumers increases, and falls when consumer income decreases.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified time period.

Income Elasticity

A measure that quantifies the responsiveness of the demand for a good or service to a change in income of the people demanding the good.

Consumer Income

Consumer income is the total earnings of an individual from all sources, influencing their spending and saving behaviors.