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1 year ago

everyone's indiviaual demand for a particular good or service can be represented by the same demand curve

1 answer:

5 0

The statement "everyone's individual demand for a particular good or service can be represented by the same demand curve " is false. Option B

This is further explained below.

<h3>What is the demand curve?</h3>

Generally, In the field of economics, a demand curve is a graph that illustrates the relationship between the price of a particular commodity and the quantity of that commodity that is demanded at that price. Specifically, the graph shows how the quantity of a commodity is affected by the price of the commodity.

Demand curves may be used to analyze the price-quantity connection for a single customer, or they can be used to analyze the relationship for all consumers in a certain market.

In conclusion, It is a fallacy to assert that "everyone's individual need for a given commodity or service can be represented by the same demand curve."

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Explain how the statement "there is 3/4 cup per serving" represents a rate.

Aleonysh [2.5K]

There is 3/4 cup of whatever in one serving. If that serving amount changed to 2, then the 3/4 would be multiplied by 2. If there is half a serving, then it would be divided by 2. There is a constant change, and not one that is always changing.

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3 years ago

The Michigan veteran population in 1990 was 14.2% and in 2000 was 12.4%.

Mandarinka [93]

Let x- intercept represents time

Let y-intercept represents population

Let 1990 represent initial year

Points are (0,14.2)(10,12.4)

slope m= $\frac{y2-y1}{x2-x1}$

= $\frac{12.4-14.2}{10-0} =\frac{-1.8}{10} = -0.08$

General linear equation

y= mx+b --------------(i)

here m is slope and b is intercept

plug the 1st point in equation

14.2= -0.018(0) + b

b=14.2

y= 0.018x + 14.2

replace y with p(t) and x with t

p(t) = -0.018t + 14.2

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3 years ago

What are integers? Please give your best explanation and a simple example (worth 20 points)

tino4ka555 [31]

<h3>Explanation</h3>

What is Integer?

Integer is a subset of Real Number. It can be broken into these following:

Positive Integer
Zero
Negative Integer

Integer can be any whole numbers. Keep in mind that Integers cannot be fractions, decimal, approximate value, etc. Integers can only be something like 1,2,3,-1,-2,0.

Integers are like Natural or Counting Numbers except they have 0 and negative numbers.

Positive Integer

Positive Integers are basically a natural or counting number. It starts from 1 to any positive countable infinity. Here is the example of positive integer: 1,2,3,4,5,6,7,...

Zero

Zero is just a number 0. It is between the negative and positive. 0 is neither positive or negative but it is categorized as Zero.

Negative Integers

Negative Integers are opposite of Positive Integers. The opposite of plus is minus and the opposite of minus is plus. Negative Integers are less than both 0 and Positive Integers. Here is the example: -1,-2,-3,-4,-5,...

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