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if the slope of offer curves is constant, the terms of trad will
Tangent is used in calculus to compute the slope of a curve. Because curves do not have uniform slopes, unlike lines, their slopes change. A tangent is the slope of a curve at a specific point.
That's because lines, or curves, can have different slopes.
Demand curves almost always have negative slopes. The Y value being price and the X value being quantity. The higher the price, the more negative the slope. There are very rare conditions where a demand curve could have a positive slope, but its not normally used in business classes.
The "slope" of the graph of any quantity tells how fast that quantity is changing. Any quantity that changes in real life has a slope. -- The slope of the car's odometer reading is the car's speed. That slope is so important that a separate meter, called the "speedometer", is provided to show it. -- The slope of the speedometer reading is the car's acceleration. -- The slope of a road, track, or trail is called the "grade". Hikers and railroad drivers always want to know the grade, because it tells them whether they'll be able to make it past that piece of track or trail, and whether they'll need to get a running start. -- People who build roads with curves have to be careful of what kind of slope they build into the curves. If the slope of the pavement in a curve is wrong, then every car on the curve flies off of the road. -- Carpenters too. If the slope of the roof on a house or a building is wrong, then the rain and snow don't run off fast enough, and the roof caves in.
if the slope of offer curves is constant, the terms of trad will
indifference curves slopes downward to the right
Demand curves slope down because as price decreases for goods, demand increases. Supply curves slope upwards because the higher the price, the more goods a supplier wishes to supply to the market. There are two exceptions: 1. When a good is more fashionable at a higher price (like designer jeans) referred to as Veblen Goods. 2. Inferior goods for which there is no cheaper close substitutes referred to Geffen Goods.
if the slope of offer curves is constant, the terms of trad will
upward and to the right
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
Low-till or no-till
Low-till or no-till
Low-till or no-till
Supply curves do not always slope from left to right. A supply curve can slope from the right and when this happens this means that there is a surplus of goods at a lower price.
Specific heat capacity
Tangent is used in calculus to compute the slope of a curve. Because curves do not have uniform slopes, unlike lines, their slopes change. A tangent is the slope of a curve at a specific point.