The probability of rolling factors of 3 would be 1/3
It is evident from the problem statement that an overall price reduction of Nike air max shoes will lead to an increase in the demand for the shoe.
In Economics, the relationship between price and demand is stated as follows <em>"If all other factors remain equal, the higher the price of a good, the </em><em>fewer</em><em> people will </em><em>demand</em><em> that </em><em>good</em><em>. In other words, the </em><em>higher</em><em> the price, the </em><em>lower</em><em> the </em><em>quantity</em><em> demanded and vice versa."</em>
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In all, the Law of Demand tells us that if more people want to buy something, given a limited supply, the price of that thing will be bid higher, also of the price of something is low the demand will be high.
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Answer:
minimum value of function is 
.
Step-by-step explanation:
Given function represents a parabola.
Now, here coefficient of 
is positive , so the parabola will be facing upwards and thus the function will be having a minimum.
Now, as we know that minimum value of a parabolic function occurs at
x = 
.
Where , b represents the coefficient of x and a represents the coefficient of .
here, a = 2 , b = -6
Thus = 
= 
So, at x = minimum value will occur and which equals
y = 2×
- 
+ 9 = .
Thus , minimum value of function is .
