The demand model for a certain product is given below, where p represents the price of the product, and y represents the number
1 answer:
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The solution for your specific problem is shown on the picture.
<h3>Answer: A) Parallel </h3>
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Explanation:
I've highlighted lines m and k in red (see diagram below). We'll ignore the other lines. On those red lines, I've added blue points with their coordinate locations.
Line m has point A = (-3, 5) and B = (-1, -3). Let's use the slope formula to find the slope through these points
m = (y2-y1)/(x2-x1)
m = (-3-5)/(-1-(-3))
m = (-3-5)/(-1+3)
m = -8/2
m = -4
The slope of line AB, aka line m, is -4.
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Line k has points C = (1, 5) and D = (3, -3) on it. We'll use the slope formula to get...
m = (y2-y1)/(x2-x1)
m = (-3-5)/(3-1)
m = -8/2
m = -4
The slope of line CD, aka line k, is -4
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Both lines m and k have the same slope of -4. Therefore, the two lines are parallel. Parallel lines always have the same slope, but different y intercepts. So these lines will never intersect one another.