Determine Whether the Equation Defines Y as a Linear Function

question 99

Short Answer

Determine whether the equation defines y as a linear function of x. If so, write it in the form
y = mx + b . If not, answer non-linear.

Understand the impact of input price changes on the supply curve and market prices.

Identify how changes in substitute goods' prices affect market demand and equilibrium.

Analyze the effects of weather conditions on the demand for seasonal products.

Recognize the role of consumer and producer surplus in market transactions.