Give the Correct Number of Significant Figures to the Problem

question 137

Multiple Choice

Give the correct number of significant figures to the problem below.2.4 x 10^-4 + 3.1 x 10^-2 =

• A)5.5 x 10^-6
• B)5.5 x 10^-8
• C)5.5 x 10^-4
• D) 3.1 x 10^-2
• E) 2.4 x 10^-4

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Definitions:

Inverse Demand Function

A representation of demand that expresses price as a function of quantity, rather than the conventional demand function which expresses quantity demanded as a function of price.

Price Elasticity

Measures the responsiveness of quantity demanded or supplied to a change in price.

Wealth

The abundance of valuable resources or valuable material possessions, including the total of all financial assets minus any liabilities.

Price Elasticity

A measure in economics that shows how the quantity demanded of a good or service responds to a change in its price.