Find the Y-Intercept for the Following Equation: 8x = 2

question 68

Multiple Choice

Find the y-intercept for the following equation: 8x = 2 + y

• A) 8
• B) -8
• C) 2
• D) -2
• E) 4

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make necessary goods unaffordable.

Maximum Price

A ceiling price set by an authority, above which the sale of a good or service is not allowed.

Market Price

The current price at which a good or service can be bought or sold in a given market.

Maximum Price

A price ceiling set by the government or a regulatory body, above which a product or service cannot be sold in the market.