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Predict What Happens, While _ Explain How and Why Something

question 35

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predict what happens, while _ explain how and why something occurs.


Definitions:

Slope

In mathematics, the rate at which a line or curve inclines or declines, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level within a certain period.

Income Response

The change in consumers' buying behavior resulting from a change in their income.

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