Find an Equation of the Line Having the Specified Slope

question 12

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 = -8; (0, 5.2)

• A)y = -8x + 5.2
• B)y = 5.2x - 8
• C)y = -8x - 5.2
• D)y = 5.2x + 8

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Definitions:

Elastic

Describes demand that is highly responsive to changes in price, where a small price change leads to a large change in quantity demanded.

Inelastic

Describes a scenario where the demand or supply of a good or service is not significantly changed when the price of that good or service changes.

Elasticity of Demand

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Quantities Demanded

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