Find an Equation of the Line Having the Specified Slope

question 108

Multiple Choice

Find an equation of the line having the specified slope and containing the indicated point. Write your answer in
slope-intercept form.
-m = -3; (8, -3)

• A)y = -3x + 22
• B)y = -3x + 21
• C)y = -3x + 19
• D)y = 3x + 20

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Definitions:

Total Revenue

The total income generated by a firm from the sale of goods or services before any costs or expenses are subtracted.

Income Elasticity

A measure of how much the demand for a good or service changes in response to changes in consumer income.

Demand Increase

A situation where the quantity of a product or service that consumers are willing and able to buy at a given price rises.

Price Elasticity

The sensitivity measure of demand for a good relative to its price changes.