Solve by Substitution

question 20

Multiple Choice

Solve by substitution:

• A) (0, 2)
• B) Dependent,
• C) (2, -8)
• D) No solution
• E) (1, -3)

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Definitions:

Slope

In mathematics, it refers to the steepness or incline of a line, indicating the rate at which y-values change with respect to x-values.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices.

Choice Set

The collection of all possible options available for selection by a decision-maker.

Leftover Income

The amount of income that remains after all necessary expenses, such as bills and living costs, have been paid.