The Number 123,000 Written in Scientific Notation Is

question 80

Multiple Choice

The number 123,000 written in scientific notation is:

• A)1.23 × 10⁶
• B)1.23 × 10⁵
• C)1.23 × 10⁻³
• D)1.23 × 10⁻⁶
• E)1.23 × 10³

Identify the role of market elasticity in determining the deadweight loss and tax revenue.

Understand the change in consumer and producer surplus due to taxes.

Comprehend the relationship between tax size, tax revenue, and deadweight loss.

Understand how a government-imposed tax affects consumer surplus, producer surplus, and total surplus.

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Definitions:

Revised Act

An updated or amended version of a legislative act which incorporates changes, corrections, or new provisions.

Re-harmonization

The process of changing or adapting the chord progression of a piece of music to create a new arrangement or to provide variation.

Business Entity Acts

Legislation that governs the creation, operation, and dissolution of various types of businesses and their legal entity status.

General Partnership

A business arrangement where two or more individuals share ownership, as well as the profits, liabilities, and management duties.