In a linear equation relating income and consumption, you know that the intercept is $1,000 and the slope of the line is 4. If income is $20,000, then consumption is
A) $8,000.
B) $9,000.
C) $10,000.
D) $11,000.

Question

Quizplus · Accepted Answer

The equation of the line is:```consumption = 1000 + 4 * income```If income is $20,000, then consumption is:```consumption = 1000 + 4 * 20000 = 9000```

In a Linear Equation Relating Income and Consumption, You Know