The linear equation for line (1) on the graph below is:
A. y = 8 + 2x
B. y = 8 + .5x
C. x = 8 + .5y
D. y = 8 - 2x
Answer: B
You might also like to view...
Which of the following would cause the equilibrium price of ketchup to increase and the equilibrium quantity of ketchup to decrease?
A) an increase in the price of mustard, a substitute for ketchup B) a decrease in the price of tomatoes C) an increase in the price of tomatoes D) an increase in the price of french fries, a complement for ketchup
All externalities are detrimental.
Answer the following statement true (T) or false (F)
A craft union is a labor organization that represents people with a particular skill.
Answer the following statement true (T) or false (F)
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is ?2.0 and the cross-price elasticity of demand between Y and X is 1.5, then a 4 percent increase in the price of X will:
A. increase total revenues from X and Y by $400. B. increase total revenues from X and Y by $800. C. decrease total revenues from X and Y by $400. D. increase total revenues from X and Y by $8,000.