The distance on a numberline from -10 to 3 is equal to 5x-12.
1 answer:
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Answer:
d. both the slope and price elasticity of demand are equal to 0.
Step-by-step explanation:
In order to graph the demand curve, the quantity demanded is plotted along x-axis and the price is plotted along y-axis. An image attached below shows the horizontal demand curve.
Horizontal demand curve, as its name indicates, is a horizontal line which is parallel to x-axis. Since, the slope of any line parallel to x-axis is 0, we can conclude that the slope of Horizontal demand curve is 0.
A horizontal demand curve can be observed for a perfectly competitive market. Since, its a perfect competition, the price of a product by all competitors will be the same. In this case, if a firm decides to increase the price, he will loose his market share as no customer will buy the product at increased price. They will rather go with the other competitor who is offering a similar product at lower price.
On the other hand, if a competitor decides to lower his price in such case, he will experience loss. Therefore, the competitors do not have the option to change the price. Therefore, we can say the price elasticity of demand in this case is 0.
So, option D describes the horizontal demand curve correctly.
The system of equations is consistent and independent and the solutions are x = 4, y = 5, and z = -1 option third is correct.
<h3>What is a linear equation?</h3>It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.
If in the linear equation, one variable is present, then the equation is known as the linear equation in one variable.
The question is incomplete.
The complete question is in the picture, please refer to the attached picture.
We have three linear equations in three variables:
x - y - z = 0 ..(1)
2x - y + 2z = 1 ..(2)
x - y + z = -2 ..(3)
From the equation (1):
Plug this value in the equation (2) and (3):
After solving we get:
z = -1
y = 5
Plug the above two values in equation (1) we get:
x = 4
Thus, the system of equations is consistent and independent and the solutions are x = 4, y = 5, and z = -1 option third is correct.
Learn more about the linear equation here:
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