Find an Equation for the Line with the Given Properties

question 103

Multiple Choice

Find an equation for the line with the given properties.
-Parallel to the line y = -3x; containing the point (7, 2)

• A) y = -3x - 23
• B) y = -3x
• C) y - 2 = -3x - 7
• D) y = -3x + 23

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Definitions:

Welfare Economics

The branch of economics that focuses on the optimal allocation of resources and goods and how the allocation affects social welfare.

Equitable Outcome

An equitable outcome is a situation or result in economic transactions or distributions that is considered fair or just among all parties involved.

Contract Curve

In economics, a line on an Edgeworth box diagram representing the set of optimal allocations between two parties.

Egalitarian View

A perspective advocating for equal rights, benefits, and opportunities for all members of society.