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:
-2
Step-by-step explanation:
Here, angle (3x-1) is supplementary with 5x, so their sum would be equal to 180
3x - 1 + 5x = 180
8x = 180 + 1
x = 181/8
x = 22.625
Hope this helps!
Answer:
Step-by-step explanation:
The most straightforward way is direct substitution of g(x) for x in f(x):
Answer:
Step-by-step explanation:
One solution: when two lines intersect in exactly one point.
Infinitely many solutions: When one of two lines can be shown algebraically to be exactly the same as the other. The two lines coincide.
No solution: The two lines have the same slope but different y -intercepts. They can't and don't intersect.
