-In the Table Above, Y Is Measured Along the Y-Axis

question 402

Multiple Choice

$$\begin{array} { | l | l | } \hline x & y \\\hline 10 & 50 \\\hline 9 & 70 \\\hline 8 & 100 \\\hline 7 & 130 \\\hline 6 & 170 \\\hline 5 & 220 \\\hline\end{array}$$
-In the table above, y is measured along the y-axis and x along the x-axis. What is the value of the slope between the x = 8 and x = 6?

• A) 70
• B) -35
• C) -0.057
• D) -19.28

---

Definitions:

Supply Elasticity

Measures the responsiveness of quantity supplied to a change in the price of a good or service.

Total Revenue

The overall amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates a significant response, while low elasticity indicates little to no response.

Dairy Farmers

Individuals or businesses involved in the production of milk and possibly other dairy products from animals such as cows or goats.