Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If on a straight line graph we notice that the two sets of coordinates are : (5, 20) and (15, 80) we can say that:
If on a straight line graph we notice that the two sets of coordinates are : (5, 20) and (15, 80) we can say that: (Please note coordinates are (x, y)) O slope of the line is -8 O slope of the line is 6, and this can be a possible supply curve O slope of the line is 6, and this can be a possible demand curve O slope of the line is 8, and this can be a possible supply curve
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started