Write an Equation for the Line Passing Through the Point

question 22

Short Answer

Write an equation for the line passing through the point (-1, 2) and the point (3, -4).

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Definitions:

Expenditure

The action of spending funds or the amount of money spent on various items or services.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers.

Quantity Supplied

The total amount of a good or service that sellers are willing and able to sell at a given price over a specified period.

Excess Demand

A situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, often leading to shortages.