Write the Fraction in Simplest Form

question 17

Multiple Choice

Write the fraction in simplest form. ​ ​

• A) ​
• B) 1
• C) 0
• E) ​

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Definitions:

Horizontal Sum

In economics, the process of aggregating demand curves of different individuals to derive the market demand curve.

Inferior Good

A type of good whose demand decreases as consumers' income rises, contrary to what happens with normal goods.

Substitute Goods

Products or services that can be used in place of one another, where an increase in the price of one leads to an increase in demand for the other.

Complementary Goods

Goods that are often used together, where the use or value of one increases when used in conjunction with the other.