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BARSIC [14]
3 years ago
6

The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for

incandescent light bulbs decreased. This caused the price of incandescent light bulbs to fall; as the price of incandescent light bulbs fell the demand for incandescent light bulbs decreased even further." Evaluate this statement.
Mathematics
1 answer:
Dmitry_Shevchenko [17]3 years ago
5 0

Answer:

This statement if FALSE

Step-by-step explanation:

This question deals with the concept of competing products and how the price of a product effects its demand

There are two competing bulbs

a) Compact fluorescent light bulbs

b) Incandescent light bulbs

The first statement exclaims that the price of the product (a) decreases and this causes the demand of product (a) to increase, this would decrease the demand of product (b) as they are competitors.

To retaliate against the loss of sales of product (b) the price of product (b) is decreased, this should increase the demand of product (b) but the statement says the the demand of product (b) further decreases.

Since we know from the statement that sales were primarily driven by the price of the products, the demand of product (b) should have increased. Hence this statement is false

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Scientific notation uses expression which gives easy access of order. The greatest number is 5.5 \times 10^5 .It is greater by smallest number by 500  times.

<h3>How to convert a number to scientific notation?</h3>

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(we have 1 ≤ |a| < 10 ) (where |a| is magnitude of a without sign)

This notation is used to get some idea of how large or small a number is in terms of power of 10.

<h3>What are some basic properties of exponentiation?</h3>

If we have a^bbase and 'b' is called power or exponent and we call it "a is raised to the power b" (this statement might change from text to text slightly).

Exponentiation(the process of raising some number to some power) have some basic rules as:

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The given numbers are:

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  • Third number = 1.1 \times 10^3 = 1100

The smallest number is 1,100 and greatest is 550,000

Getting the division to get to know how many times the greatest number is larger than the smallest number, we get:

\dfrac{5.5 \times  10^5}{1.1 \times 10^3} = \dfrac{5.5 \times 10^{5-3}}{1.1} = \dfrac{5.5}{1.1} \times 10^2 = 5 \times 10^2 = 500

Thus, it is found that greatest number is 5.5 \times 10^5 . It is greater by smallest number by 500  times.

Learn more about scientific notation here:
brainly.com/question/3112062

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