Of the Following Statements and Questions,which Is the Best Example

question 8

Multiple Choice

Of the following statements and questions,which is the best example of deductive reasoning?

• A)If all insects have six legs,then butterflies have six legs.
• B)In repeated tosses of a coin,there is a 50/50 chance of each toss resulting in a "head."
• C)How many times will the toss of coins turn "heads-up" if 100 people each toss a coin?
• D)Since every insect I have examined so far has six legs,I conclude that all insects must have six legs.
• E)All of these are examples of deductive reasoning.

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Definitions:

Isoelastic Demand Curve

A demand curve that has a constant price elasticity of demand at every point, indicating that the percentage change in quantity demanded in response to a percentage change in price is the same across the curve.

Algebraic Forms

Mathematical expressions that represent relationships between variables and constants in an equation form.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping from left to right.

Straight Line Demand

An economic model where the demand for a product changes at a constant rate relative to price changes, depicted as a straight line on a graph.