Estimate the Slope of the Line from Its Graph $\frac { 2 } { 3 }$

question 14

Multiple Choice

Estimate the slope of the line from its graph.

• A) \(\frac { 2 } { 3 }\)
• B) \(- \frac { 2 } { 3 }\)
• C) \(- \frac { 3 } { 2 }\)
• D) \(\frac { 3 } { 2 }\)

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Definitions:

Profit-maximizing

A strategy in business where the main goal is to increase profits to the highest possible level given the constraints of the market.

Elastic Segment

A portion of the demand curve where the quantity demanded is highly sensitive to changes in price.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity of it that consumers are willing to purchase at various prices.

Total Revenue

The total income received by a company from its sales of goods or services before any expenses are subtracted.