Author Question: If we use the numbers in the above table to draw a graph, with the price on the vertical axis and ... (Read 126 times)

Metfan725 · **on:** Jun 29, 2018

If we use the numbers in the above table to draw a graph, with the price on the vertical axis and the quantity on the horizontal axis, the line relating price and quantity has a slope of

A) 0.8.
B) -8.0.
C) -1.25.
D) 8.0.

Question 2

In the above figure, in order for the equilibrium price to remain constant while the equilibrium quantity increases, the

A) supply and demand curves both would have to shift leftward.
B) supply curve would have to shift leftward and the demand curve would have to shift rightward.
C) supply curve would have to shift rightward and the demand curve would have to shift leftward.
D) supply and demand curves both would have to shift rightward.