Some Mathematical Tools Used In Economics — Practice Quiz
ICSE · Class 11 · Economics
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Quick Quiz: Some Mathematical Tools Used In Economics
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What is the slope of a line?
Which formula gives the slope of a line using two points on the line?
In economics graphs, which variable is represented on the X-axis?
In economics graphs, which variable is represented on the Y-axis?
Sample Questions
What does the term 'curve' mean in this chapter?
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Graphic representation of a functional relationship between two variables
A curve is the graphic representation of a functional relationship between two variables.
Which type of curve has a constant slope?
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A straight line
When the slope is constant, the curve will be a straight line.
What is the equation of an upward sloping straight line?
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y = a + bx
The functional equation of an upward sloping straight line is y = a + bx.
What is the equation of a downward sloping straight line?
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y = a - bx
The functional equation of a downward sloping straight line is y = a - bx.
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