Write an Equation of the Line Satisfying the Given Conditions $( - 4,1 )$

question 212

Multiple Choice

Write an equation of the line satisfying the given conditions. Write the answer in slope-intercept form.
-The line passes through the point $( - 4,1 )$ and has a slope of $\frac { 3 } { 2 }$ .

• A) \(y = \frac { 3 } { 2 } x - 4\)
• B) \(y = - \frac { 3 } { 2 } x + 7\)
• C) \(y = \frac { 3 } { 2 } x - 5\)
• D) \(y = \frac { 3 } { 2 } x + 7\)

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Definitions:

Penetration Pricing

A pricing strategy where the price of a product is initially set low to enter a competitive market and attract customers.

Skimming Pricing

A pricing strategy where a firm sets relatively high prices at the launch of a new product or service to maximize profits from customers willing to pay more.

Fixed-price Policy

A pricing strategy where the price of a product or service is set and not subject to change based on market fluctuations.

Customary Pricing

Pricing strategy that is based on what is traditionally expected or accepted within a specific industry or by consumers.