​Figure 10-20. ​

question 298

Multiple Choice

​Figure 10-20. ​
-Refer to Figure 10-20. The graph depicts the market for fertilizer. Without any government regulation, what is the equilibrium price of fertilizer?

• A)$​100
• B)$200
• C)$250
• D)​$300

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Definitions:

Independent Variable

The determining variable in a causal relationship.

Vertical Intercept

The vertical intercept of a graph is the point at which the curve intersects the vertical (Y) axis, often representing the starting or base value of the function when other variables are zero.

Slope

In mathematics, the measure of the steepness or incline of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.

Positively Related

A relationship between two variables where an increase in one variable leads to an increase in the other, and a decrease in one leads to a decrease in the other.