Simplify the Complex Fraction

question 252

Short Answer

Simplify the complex fraction.

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Definitions:

Necessity

A good or service that is essential for survival or basic living, such as food, water, or shelter.

Demand for Curds

The desire and willingness of consumers to purchase curds, a dairy product, at various price levels, within a specific period.

Price of Curds

The market price at which curds, a dairy product obtained by coagulating milk, are bought and sold.

Price of Whey

Refers to the market value assigned to whey, a by-product of cheese or casein production that is used in food and supplements.