In the Formula Y = a + Bx, X Refers

question 58

Multiple Choice

In the formula Y = a + bx, x refers to the

• A)slope.
• B)intercept.
• C)dependent variable.
• D)independent variable.

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Definitions:

Fresh Fish

Fish that have been recently caught and have not been frozen or processed.

Total Revenue

Total Revenue is the full amount of money received by a company for its goods or services, before any expenses are subtracted.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price level.