In a Linear Equation Relating Income and Consumption, You Know

question 153

Multiple Choice

In a linear equation relating income and consumption, you know that the intercept is $1,000 and the slope of the line is 4. If income is $20,000, then consumption is

• A) $8,000.
• B) $9,000.
• C) $10,000.
• D) $11,000.

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Definitions:

Contrapositive

In logic, it involves reversing and negating both the hypothesis and conclusion of a conditional statement.

Disjunctive Proposition

A statement that presents two or more alternatives, where the truth of at least one alternative means the proposition is true.

False

not true or correct; an assertion that contradicts fact or reality.

Disjunctive Syllogism

A form of logical argument where the conclusion is inferred from the truth of one proposition leading to the falsity of another.