We take the absolute value of the demand slope to ensure that the elasticity of demand is expressed as a positive number, making it easier to interpret. Demand typically has a negative slope, reflecting the inverse relationship between price and quantity demanded; by using the absolute value, we focus on the magnitude of the responsiveness rather than the direction. This allows for a clearer comparison of elasticities across different goods and contexts.
The absolute value of the slope of a line represents its steepness; a smaller absolute value indicates a less steep line. As the absolute value of the slope approaches zero, the line becomes closer to horizontal. Therefore, when the absolute value of the slope decreases, the graph of the line gets flatter, indicating that the change in the y-coordinate relative to the x-coordinate is diminishing.
Its steepness is the absolute value of its slope.
In general, the steepness of a slope is determined by its absolute value, not the sign. A negative slope indicates a downward trend, while a positive slope indicates an upward trend. If both slopes have the same absolute value, they are equally steep, but a negative slope will visually appear to descend, while a positive slope will ascend. Thus, a steeper slope can be negative or positive, depending on its absolute value.
Steeper
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.
answer
Its steepness is the absolute value of its slope.
In general, the steepness of a slope is determined by its absolute value, not the sign. A negative slope indicates a downward trend, while a positive slope indicates an upward trend. If both slopes have the same absolute value, they are equally steep, but a negative slope will visually appear to descend, while a positive slope will ascend. Thus, a steeper slope can be negative or positive, depending on its absolute value.
Steeper
Not necessary because the line can have no slope at all and be as long as you want it to be.
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.
When the slope of a line reaches zero it then will be parallel to the x or y axes depending if its a positive or a negative slope.
the line goes down from left to right as the absolute value of the negative slope get bigger, the graph of the line gets steeper as the absolute value of the negative slope gets smaller, the graph of the line gets less steep ( apex )
It gets longer Apex :)
When the slope of a line reaches zero it then will be parallel to the x or y axes depending if its a positive or a negative slope.
When the slope of a line reaches zero it then will be parallel to the x or y axes depending if its a positive or a negative slope.
slope of the graph ... actually the absolute value of the slope, actual slope, positive or negative, would indicate direction, so the slope would be velocity.