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Anita Is Working on an Excel Spreadsheet with the Fraction

question 20

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Anita is working on an Excel spreadsheet with the fraction 2/3 entered in Cell B6 and 1 4/5 entered in Cell B7. Using the pointing method, how would Anita enter the difference of 1 4/5 and 2/3 in Cell B8?


Definitions:

Support Price

A price level set by the government or a regulatory body to stabilize or support the market price of a commodity.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all else being equal.

Producer Surplus

The difference between what producers are willing to sell a good for and the higher price they actually receive.

Government Policy

Actions, regulations, or laws enacted by a government to influence economic, social, or environmental outcomes within its jurisdiction.

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