Refer to the Information Provided in Figure 1

question 218

Multiple Choice

Refer to the information provided in Figure 1.2 below to answer the question(s) that follow. Figure 1.2
-If the slope of a straight line is -3. and if Y (the variable on the vertical axis) decreases by 6, then X (the variable on the horizontal axis) will

• A) increase by 2.
• B) decrease by 2.
• C) increase by 18.
• D) decrease by 18.

---

Definitions:

Consumer Surplus

The divergence between what consumers are willing and have the financial capability to pay for a good or service, and what they really pay.

Willingness to Pay

The maximum price at which a consumer will buy a good or service.

Basketball Sneakers

Athletic shoes designed specifically for playing basketball, offering features such as enhanced grip, ankle support, and shock absorption.

Consumer Surplus

The difference between the maximum price consumers are willing to pay and the actual price they do pay.