On a Coordinate Graph with Y on the Vertical Axis

question 57

Multiple Choice

On a coordinate graph with y on the vertical axis and x on the horizontal axis,consider the line which is the graph of the function Y = 60 - 4X.The slope of this line is

• A)4.
• B)60.
• C)-2.5.
• D)-4.0.
• E)-40.

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Definitions:

Logarithmic Scales

Logarithmic scales are a way of displaying data on graphs where the scale is divided according to orders of magnitude, so each step on the scale represents a tenfold change in the data.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of product or service.

Demand Curve

A graph depicting the relationship between the price of a good or service and the quantity demanded for a given period, typically showing a downward slope from left to right.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity indicating responsiveness.