Answer: Option (c) is correct
Step-by-step explanation:
Slope of demand curve is negative and slope of supply curve is positive in both the models.
But labeling of axis is different in both the models. In the short-run macroeconomic model, y-axis represents the price level whereas x-axis represents the GDP.
While in the standard model for markets, y-axis shows the general price level whereas x-axis represents the output level.
Answer:
84
Step-by-step explanation:
f(1)=4^1 - 1 = 3
f(4) = 4^4 - 1 = 255
rate of change = 
(255 - 3) / (4 - 1) = 252 / 3 = 84
Answer:19/20
1-20=19
1÷20=0.05
0.05=5%
I hope this is good enough:
