X-Axis – On a Cartesian coordinate system, the X axis is the
horizontal line where a variable can be plotted.
X-intercept – The point at which a curve intersects the
X-axis.
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Edit: Updated August 2018 with more examples and links to relevant topics. Summary: To solve for equilibrium price and quantity you shoul...
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Point elasticity is the price elasticity of demand at a specific point on the demand curve instead of over a range of the demand curve. It u...
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Deadweight loss occurs when an economy’s welfare is not at the maximum possible. Many times, professors will ask you to calculate the dea...
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