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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

In Exhibit 4(b), determine the slope between points A and D.

To determine

The slope.

Explanation

The following figure is the figure mentioned in the exhibit 4(b):

In figure 4(b), the vertical axis measures the quantity of Y and the horizontal axis measures the quantity of X. The slope of the line BC is 2 and thus, the slope of the line AD is also 2. It is calculated as follows:

Slope=New quantity of variableYOld quantity of variableY

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