Graphs Lines

Math and Graph Refresher • Linear Equations

Lines (contd.) • Intercepts
• Horizontal Lines
• Positive Slope (+M) line is when X and Y react Perfect • Vertical Lines
Complim
positively with each other. E.g. Supply line… more ents • Positive Slope
the price more quantity supplied. • Perfect
• E.g. Y = C + MX, X = 5Y – 7 Y=X Compliment
• Phenomena like compliments show this • Negative Slope
behavior. As price increases quantity • Perfect Substitute
increases and vice versa.
• Shifts (Parallel
• Y = X (Slope M =+1, C = 0) means perfect
compliment i.e. for each additional unit of
Lines)
X we get one additional unit of Y. • Rotations (angle
lines)
• Negative Slope (-M) is when X and Y react • Elasticity and
Perfect
inversely to each other E.g. Demand line… more Substitutes implications of
the price lesser the demanded quantity. slope
• E.g. Y = C – MX, X = 7 – 5Y Y = 20 – X • Intersection and
• Phenomena like substitution show this Equilibrium
behavior. One goes for cheaper good (less • Maxima and
price) for higher quantity and vice versa. Minima of straight
• Y = C-X (Slope M = -1) means perfect
line regions
substitution i.e. one unit of X can be let go
of for an additional unit of Y until limit C.

• Sometimes the linear equations are interested to

know every value above or below a linear
equation … this means the output value Y should
be calculated above the equality value or below
the equality value.

• E.g. Y = 3X + 5 …
• if we want to know Y >= 3X + 5 then it’s the
value of Y above the line and Y <= 3X + 5 would
mean all Y values below the line.