Use a Calculator to Find Each Common Logarithm $\log x = - 4.1687$

question 187

Short Answer

Use a calculator to find each common logarithm. Express answer to four decimal places. $\log x = - 4.1687$

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in a balance between production and consumption.

Equilibrium Quantity

The volume of commodities or services provided that coincides with the volume requested at the price of market balance.

Normal Good

A normal good is one whose demand increases when consumers' incomes increase and falls when incomes decrease, all else being equal.

Equilibrium Quantity

The quantity of a good or service at which supply and demand are balanced in a market.