Simple Linear Equations - SS2 Economics Past Questions and Answers - page 1
What is the slope of a simple linear equation?
The value of the dependent variable when the independent variable is zero
The rate of change of the dependent variable with respect to the independent variable
The value of the independent variable when the dependent variable is zero
The intercept of the equation
What is the general form of a simple linear equation?
y = mx + b
ax^2 + bx + c = 0
y = a + bx
y = mx
In economics, a simple linear equation can be used to model the relationship between:
Two independent variables
Two dependent variables
An independent variable and a dependent variable
None of the above
What is the purpose of isolating the variable in a simple linear equation?
To make the equation simpler to read
To make the equation easier to solve
To determine the slope of the line
To determine the y-intercept of the line
Which of the following is an example of a simple linear equation in economics?
y = e^x
Qd = a + bP
F = ma
PV = nRT
What is the dependent variable in a simple linear equation?
How are simple linear equations used in economics?