Evaluate the Expression $\frac { 2.6 \times 10 ^ { 5 } } { 1.3 \times 10 ^ { 3 } }$

question 44

Multiple Choice

Evaluate the expression $\frac { 2.6 \times 10 ^ { 5 } } { 1.3 \times 10 ^ { 3 } }$ . Write the answer in scientific notation.

• A) \(2 \times 10 ^ { 4 }\)
• B) \(2 \times 10 ^ { 1 }\)
• C) \(2 \times 10 ^ { 2 }\)
• D) \(2 \times 10 ^ { 3 }\)
• E) \(2 \times 10 ^ { - 2 }\)

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Definitions:

Demand Function

A mathematical representation that describes the relationship between the quantity of a good that consumers are willing and able to purchase at various prices, holding other factors constant.

Income Elasticity

A measure of how much the demand for a product changes in response to a change in consumers' income.

Income Elasticity

A measure of how the quantity demanded of a good or service changes in response to a change in consumer income.

Inferior Good

A type of good for which demand decreases when consumers' income increases, opposite to normal goods.