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.
The sides could be 1,14 or 2,7
yes you are correct evreything is correct
Answer:
y = -5/3 * x - 40/3
Step-by-step explanation:
A perpendicular line has an opposite and a reciprocal of the slope.
Your equation should be:
-5y = -3x +6
Divide all parts by -5.
y = 3/5x - 6/5
Since the perpendicular line has an opposite and a reciprocal of the slope, the slope will be -5/3.
Now you must make an equation in point-slope form. This is an example of that form. You will need at least one point to make this equation work. In this case we have (-8,0).
In put the y and x coordinates like this:
y - 0 = -5/3(x - (-8)
Start solving the equation.
y - 0 = -5/3(x + 8)
y - 0 = -5/3 * x - 40/3
y = -5/3 * x - 40/3
This is your equation.
y = -5/3 * x - 40/3
(You can make it -5/3x in your answer but it looks weird online. You may think that it is -5 divided by 3 times x, but it actually is 5/3 times x. That's why I wrote it as y = -5/3 * x - 40/3)
