Microeconomics,, 16th Canadian Edition

Norway 2.8 27.4

South

Korea

5.1 27.2

Iceland 2.7 28.0

12. Use the following figure to answer the questions below.

a. Is the slope of Line A positive or negative? Line B?

b. Calculate the slope of Line A. Write the equation

describing the line in the form where m

the slope of the line and b is a constant term.

c. Calculate the slope of Line B. Write the equation

describing the line in the form where m

the slope of the line and b is a constant term.

Y =mX+b,

Y =mX+b,