In Which of the Following Cases Is the Slope of a Line

question 7

Multiple Choice

In which of the following cases is the slope of a line positive?

• A) As x increases, y increases.
• B) As x increases, y decreases.
• C) As x increases, y remains the same.
• D) As x increases, y equals a positive number.

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Definitions:

Total Revenue

The total income received by a firm from selling its goods or services before any costs or expenses are deducted.

Elastic

Describing a situation in which the supply or demand for a good or service is highly responsive to changes in price.

Elasticity Coefficient

A measure reflecting the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Price Increase

A rise in the cost of goods or services over time.