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What does slope of a line mean in economics?
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What does slope of a line mean in economics?
The concept of slope is important in economics because it is used to measure the rate at which changes are taking place. ... Slope means that a unit change in x, the independent variable will result in a change in y by the amount of b. slope = change in y/change in x = rise/run. Slope shows both steepness and direction.
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What does slope of a line mean in economics?
Slope means tangent of angle (like thita ,phy etc)
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What does slope of a line mean in economics?
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