Find an Equation of the Line That Passes Through the Point

question 20

Essay

Find an equation of the line that passes through the point (- 6, 5) and is parallel to the line
2x - 3y - 4 = 0.

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Definitions:

Ordinary Goods

Goods for which demand increases as consumer income increases and decreases as consumer income decreases, opposite to inferior goods.

Consumer Equilibrium

A scenario in which a consumer has distributed their income to achieve the greatest satisfaction, considering the prices of goods and services.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford to purchase at given prices within their income level.

Utility

In economics, utility refers to the total satisfaction received from consuming a good or service.