A Planet Whose Distance from the Sun Is 3 A Have

question 42

Multiple Choice

A planet whose distance from the Sun is 3 A.U.would have an orbital period of how many Earth-years?

• A) 3
• B) \( \sqrt{27} \)
• C) \( \sqrt{3} \)
• D) 9
• E) 81

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Definitions:

Commodity Traders

Individuals or entities that buy and sell physical or financial commodities, aiming to profit from price fluctuations.

Bid-ask Spreads

The variation between the top price a buyer intends to pay (bid) and the bottom price a seller is prepared to take (ask) for an asset.

Market Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Competitive Industry

Competitive industries are characterized by three factors: (1) firms produce a product or service with very close substitutes meaning demand is very elastic, (2) firms have many rivals and no cost advantage over those rivals, and (3) the industry has no barriers to entry or exit.