Solve the Equation $\ln x = 1.1563$ $x =$ __________

question 142

Short Answer

Solve the equation. Express the answer to four decimal places. $\ln x = 1.1563$ $x =$ __________

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Definitions:

Excess Demand

Excess demand occurs when the quantity demanded of a good or service at the current price exceeds the quantity supplied, often leading to upward pressure on prices.

Unregulated Market

A market where government agencies do not control or limit the behaviors of buyers and sellers, allowing the forces of supply and demand to freely set prices.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a stable market condition.

Equilibrium Quantity

The amount of products or services offered and sought after at the balance price.