The Ordered Pair That Represents the Origin on a Graph

question 25

Multiple Choice

The ordered pair that represents the origin on a graph is

• A) (1, 1).
• B) (0, 0).
• C) (-1, -1).
• D) ( ).

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Definitions:

Equilibrium Price

The price at which the supply of an item matches its demand, ensuring that the market is in balance.

Excess Supply

A situation where the quantity of a good or service supplied surpasses the quantity demanded at a specific price.

Excess Demand

Excess demand occurs when the quantity demanded of a product or service at a given price exceeds the quantity supplied, often leading to a shortage.

Income

The money received, especially on a regular basis, for work or through investments.