Determine Whether Any of the Lines Given Below Are Parallel

question 9

Multiple Choice

Determine whether any of the lines given below are parallel or identical.

• A) are identical
• B) are identical
• C) are identical
• D) are parallel
• E) are parallel

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Definitions:

Demand Function

A mathematical representation showing the relationship between the quantity demanded of a good and its price, along with other factors like income and prices of related goods.

Supply Function

A mathematical representation that shows the relationship between the quantity of a good supplied and its price.

Subsidy

A subsidy is a financial contribution provided by government or another authority to support businesses, markets, or individuals, aiming to promote economic and social policies.

Inverse Demand Function

A mathematical relationship expressing the price of a good or service as a function of the quantity demanded, implying how prices vary with changes in quantity demanded.