-The Above Table Shows Data on Two Variables

question 312

Multiple Choice

$$\begin{array} { | l | l | } \hline \begin{array} { l } x \text {-variable } \\\text { (on the horizont al } \\\text { axis) }\end{array} & \begin{array} { l } y \text {-variable } \\\text { (on the vertical axis) }\end{array} \\\hline 100 & 50 \\\hline 200 & 125 \\\hline 300 & 200 \\\hline\end{array}$$
-The above table shows data on two variables. If these data were graphed, the slope of the line would be

• A) 4/3.
• B) 1/2.
• C) 2/3.
• D) 3/4.

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Definitions:

Inefficiency

A situation where resources are not used in the best possible way, leading to wastage or less optimal outcomes.

Equilibrium Quantity

The quantity of a good or service at which quantity demanded equals quantity supplied, leading to a stable market condition.

Producer Surplus

The disparity between the price at which sellers are ready to offer a product and the price they actually get.

Price Floor

A government-imposed limit below which prices cannot fall, typically used to ensure that producers can cover their costs.