Exhibit 2-3

-In Exhibit 2-3, an example of a constant would be
A)the quantity of coffee supplied.
B)the price that corresponds to any quantity of coffee supplied.
C)the price of coffee.
D)the slope of the line.
E)both the price and quantity of coffee.

Question

Exhibit 2-3
 
-In Exhibit 2-3, an example of a constant would be
A)the quantity of coffee supplied. 
B)the price that corresponds to any quantity of coffee supplied. 
C)the price of coffee. 
D)the slope of the line. 
E)both the price and quantity of coffee.

Quizplus · Accepted Answer

The slope of the line in a graph representing supply or demand is considered a constant because it remains unchanged regardless of the specific values of price or quantity. It represents the rate of change between the two variables, which does not vary across the points on the line.

Exhibit 2-3 -In Exhibit 2-3, an Example of a Constant Would Be