Multiply and Reduce Your Answer to Lowest Terms $\left( - \frac { 2 } { 39 } \right) \cdot \left( - \frac { 13 } { 4 } \right)$

question 38

Multiple Choice

Multiply and reduce your answer to lowest terms. $\left( - \frac { 2 } { 39 } \right) \cdot \left( - \frac { 13 } { 4 } \right)$

• A) \(- 6\)
• B) \(- \frac { 1 } { 6 }\)
• C) \(- \frac { 1 } { 26 }\)
• D) \(\frac { 1 } { 6 }\)
• E) \(6\)

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Definitions:

Linear Demand

An economic model where demand for a good or service changes proportionately with changes in price.

Unit Elastic

A situation in demand or supply where the elasticity is exactly one, indicating that a change in price results in a proportionate change in the quantity demanded or supplied.

Total Revenue

The total amount of money received by a firm from selling its goods or services.

Price Elastic

Describes how sensitive the demand for a good or service is to changes in its price.