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
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The value of the independent variable when the dependent variable is zero
The intercept of the equation
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What is the general form of a simple linear equation?
 y = mx + b
ax^2 + bx + c = 0
Â
y = a + bx
y = mx
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In economics, a simple linear equation can be used to model the relationship between:
Two independent variables
Two dependent variables
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An independent variable and a dependent variable
None of the above
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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
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To determine the y-intercept of the line
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Which of the following is an example of a simple linear equation in economics?
y = e^x
Qd = a + bP
F = ma
Â
PV = nRT
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What is the dependent variable in a simple linear equation?
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How are simple linear equations used in economics?
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