Solve the Following and Check Your Solutions: 12x + 5(9

question 70

Multiple Choice

Solve the following and check your solutions: 12x + 5(9 - x) = 429

• A) 58.86
• B) -58.86
• C) 54.14
• D) -54.14
• E) -5.14

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Definitions:

Deadweight Loss

The economic efficiency is lessened when a good or service does not attain its equilibrium in the free market.

Tax

Compulsory financial charges imposed by a government on individuals and organizations to fund public expenditures.

Good

An item or product that satisfies a want or need, available for sale or trade.

Market Demand

The total quantity of a good or service that all consumers in the market are willing and able to purchase at different prices.