Determine the Slope and the Y-Intercept of the Line $$7 x + 3 y = - 8$$

question 13

Multiple Choice

Determine the slope and the y-intercept of the line. $$7 x + 3 y = - 8$$

• A) Slope: Slope: \(- \frac { 7 } { 3 } ; y\)-intercept: \(( 0 , - 8 )\)
• B) Slope: Slope: \(- \frac { 3 } { 7 } ; y\)-intercept: \(\left( 0 , - \frac { 3 } { 8 } \right)\)
• C) Slope: Slope: \(- \frac { 7 } { 3 } ; y\)-intercept: \(\left( 0 , - \frac { 8 } { 3 } \right)\)
• D) Slope: \(\frac { 7 } { 3 } ; y\)-intercept: \(\left( 0 , - \frac { 8 } { 3 } \right)\)

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Definitions:

Consumption

The use of goods and services by households. It is a primary component of an economy's demand side.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting its sensitivity.

Tax Revenue

The income that is gained by governments through taxation.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in its price.