Slope is sometimes defined as rise over run. If we raise the price of an appointment by $50 and the associated new quantity of visits increases by 10, we can say that for every $50 increase in the prices we can expect an increase of 10 visits. What is the slope with regard to price? A. 50/10 B. Zero C. Undefined D. 10/50
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QUESTION
- Slope is sometimes defined as rise over run. If we raise the
price of an appointment by $50 and the associated new quantity of visits increases by 10, we can say that for every $50 increase in the prices we can expect an increase of 10 visits. What is the slope with regard to price?
|
A. |
50/10 |
|
|
B. |
Zero |
|
|
C. |
Undefined |
|
|
D. |
10/50 |
QUESTION
- In causal terms, slope can be expressed as the magnitude or sensitivity of response.
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