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y=0.7x
Graph:
Explanation: See solution.
yis70 %ofx ⇔ y=70 % * x We can write 70 % as 0.7. y=70 % * x ⇔ y=0.7x We wrote an equation that relates x and y.
We will graph the equation that we found in Part A. y=0.7x To do that, we can plot the point (0,0) and use the equation to find another point.
Now, we can sketch a line that crosses the points (0,0) and (8,5.6).
We graphed the equation and the whole line is in the first quadrant. This is because in the second, third, and fourth quadrants the values of x or y are negative.
Since both x and y represent prices and negative prices do not make sense to us, we do not want to consider negative values of x or y. This is why the line should be only in the first quadrant where both x and y are positive.