Answer:
MATH
Step-by-step explanation:
Answer:
The answer is y=-x+9.
The first thing to do is find where the line intercepts the y-axis, which is at positive 9 so you'll add a +9 to the end of your equation. Next you find the slope and since it's going down left to right, you know it is a negative. Now slope is found by change in y divided by change in x. And since both change and y and change in x are both 1, 1/1 is 1. And since you know it's negative that means the slope is -x. Altogether you get y= -x+9
It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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