Determine Whether the Statement Is True or False

question 3

Multiple Choice

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false. The lines with equation and , where and , are perpendicular to each other.

• A) True. The slopes of the lines are and respectively; , , so .
• B) False. The slopes of the lines are and respectively; , , so .

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Definitions:

Creative Destruction

A concept in economics which suggests that economic innovation and progress often involves the dismantling of old structures and the emergence of new ones.

New Products

Refers to items or services that have been introduced to a market for the first time, offering innovation or advancement.

Existing Products

Goods or services that are currently available to consumers.

Technological Advance

The process of developing new and improved methods, tools, or systems that increase productivity, efficiency, or solve existing problems.