--%>

Slope of a straight line is the ratio

Explain the slope of a straight line is the ratio of the vertical change to horizontal change between any two points on the line?

E

Expert

Verified

Straight line slope is the ratio of the vertical change to horizontal change between any two points on the line.

1. The slope of a line will be positive if both variables change in the same direction (a positive or direct relationship).

2. The slope of a line will be negative if the variables change in the opposite direction (an inverse or negative relationship).

3. The numerical value of the slope will depend on the way the relevant variables are measured.

4. Economic analysis is often concerned with marginal changes, the relative change in one variable with respect to another; it is this rate of change that is measured by the slope.

5. Lines that are parallel with either the horizontal or vertical axis indicate that the two variables are not related, i.e. change in one variable has no effect on the value of the other.

a. A vertical line has an infinite slope.

b. A horizontal line has a zero slope.

   Related Questions in Business Economics

  • Q : Define the term invisible hand in

    The “invisible hand” of the marketplace is a word referring to consider as: (w) government policies to set market prices at equilibrium levels. (x) speculative manipulations which create disequilibrium. (y) automatic adjus

  • Q : Describe the Personal distribution of

    Describe the Personal distribution of income?

  • Q : Meaning of Modigliani-Miller Briefly

    Briefly describe the meaning of Modigliani- Miller (M and M) approach?

  • Q : Explain Self-interest of the Market

    Explain Self-interest of the Market System?

  • Q : Positive Balance of Payments Question:

    Question: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this

  • Q : What happens in the resource markets

    What happens in the resource markets?

  • Q : Describe the term cost of capital

    Briefly describe the term cost of capital and also illustrate out its significance?

  • Q : Business Strategies Cingular and Alltel

    Cingular and Alltel involve in aggressive and expensive advertising for cell-phones. A reason for this advertising may be: (1) attempts to increase market share. (2) predatorily drive other firms by the market. (3) to increase the use of cell phones.

  • Q : Our junior high school serves a

    Comment on the following statement from a newspaper article:  “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”

  • Q : Allocative Mechanisms-market based

    The market-based economic system: (1) Appears to be ‘natural’ as it has existed in all societies. (2) Has dominated the economic relationships in United States since from the year1492. (3) Guided resource allocation in middle ages. (4) Is