Match the Equations with Their Graphs $3 x - 5 y = 12$

question 153

Multiple Choice

Match the equations with their graphs.
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• A) \(3 x - 5 y = 12\)
• B) \(5 x - 3 y = 12\)
• C) \(3 x + 5 y = 12\)

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute cheaper goods for more expensive ones.

Wage Decrease

A reduction in the pay rate of a worker or a group of workers.

Labor Supply

The total hours that workers are willing and available to work at a given wage rate, within a specific labor market.

Leisure

The time available for ease and relaxation when no work is done.