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The Value of the Vertical Intercept Is $100 and the Slope

Question 43

Essay

The value of the vertical intercept is $100 and the slope is 0.8 in a linear equation for consumption (measured on the vertical axis) and disposable income (measured on the horizontal axis).If disposable income is $1000, what is consumption? State the linear equation and show how you found the answer.

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The linear equation is consump...

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