Determine Whether the Graphs of the Pair of Equations Are $7 x + 5 y = 11,5 x + 7 y = 6$

question 190

Essay

Determine whether the graphs of the pair of equations are parallel, perpendicular, or neither. $7 x + 5 y = 11,5 x + 7 y = 6$

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Definitions:

Monopolistic Competitors

Firms in a market structure where many companies sell products or services that are similar but not identical, allowing for competition based on quality, price, and branding.

Linear Demand Curve

A demand curve that shows a constant relationship between price and quantity demanded, typically resulting in a straight line when graphed.

Total Revenue

The overall amount of money generated by a business from selling its goods or services, without subtracting any costs.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price, indicating how changes in price affect consumer demand or supply levels.