C 250, 2000/8=250 because the the tickets are sold at a constant rate
Answer:
a=11, b=53
Step-by-step explanation:
y=ax+b
x=1, y=64 -> 64=a+b
x=2, y=75 -> 75=2a+b
75-64=a, a=11, b=53
All the other points obey this rule.
Answer: The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
Hope this helps!
Step-by-step explanation:
M=slope=(y2-y1)/(x2-x1)=(-6-1)/(8-8)=-7/0 which is technically undefined. This is just a vertical line namely:
x=8 (you can think of a vertical line as having infinite slope)
