The Fraction 80/100 When Reduced to Lowest Terms Is

question 17

Multiple Choice

The fraction 80/100 when reduced to lowest terms is:

• A) 8/10.
• B) 1/4.
• C) 4/5.
• D) 3/4.

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Definitions:

Supply

The total amount of a product or service that is available to consumers.

Elastic

Describes a situation where the demand for a good or service significantly changes in response to a change in price.

Optimal Tax

A taxation principle aiming to maximize economic efficiency without imposing undue burdens or distortions.

Deadweight Loss

Economic efficiency loss occurring when free market equilibrium is not achieved for a good or service.