When Determining the Rate of Increase or Decrease Between Two

question 153

True/False

When determining the rate of increase or decrease between two amounts, first subtract the difference between the two amounts, then divide the difference by the original amount.​

---

Definitions:

Slopes Upward

A term used to describe a line or curve on a graph that increases in value as it moves from left to right.

Long-Run Supply Curve

A graphical representation showing how the quantity supplied by an industry or a firm changes over time when all input levels, including physical capital, are variable.

Total Market Output

The total quantity of goods or services produced and offered for sale within a market by all firms.

Downward Sloping

A graphical representation indicating that one variable decreases as another increases, commonly used to describe demand curves in economics.