--%>

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 : Determine opportunity costs while

    Marrying the one you love involves opportunity costs, mainly since: (i) being married limits your freedom to marry someone else, and you should also consider making someone else happy while making decisions which affect both of you. (ii) two can live

  • Q : Reason of Economic problem Why an

    Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.

  • Q : Illustrate the Comparative advantage

    Illustrate the Comparative advantage and terms of trade?

  • Q : What is the opportunity cost of

    What is the opportunity cost of attending college?  In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs.  How might this difference relate to opportunity costs?

  • Q : What is an Economic Territory Economic

    Economic Territory: This refers to the region of a country where there is a free movement of goods, capital and human resources.

  • Q : Define condition when one gain unless

    When no one can gain unless someone else loses, in that case current arrangements are: (w) economically efficient. (x) not optimal. (y) inequitable. (z) the best cure for scarcity. Can someone explain/help me with best solution abo

  • Q : Market system is a profit-and-loss

    Evaluate and explain the statements: “The market system is a profit-and-loss economy”

  • Q : What are economic resources What are

    What are economic resources? What are the major functions of the entrepreneur?

  • Q : What happens in the resource markets

    What happens in the resource markets?

  • Q : An Inquiry in the Nature and Causes The

    The first comprehensive work upon economics written within English was authored through Adam Smith in 1776 year and entitled that “An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand.” (2) Wealth of Nations.” (3