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This equation represents a straight line on a Cartesian plane, where the coefficients of \(x\) and \(y\) dictate the slope and intercept. To find the slope, you can rearrange the equation into the slope-intercept form \(y = mx + b\). For this equation, when solved for \(y\), you'll find that the slope \(m\) is \(-\frac{3}{2}\). This means for every 2 units you move right on the x-axis, you move down 3 units on the y-axis! To use this equation in real life, consider budgeting or mixing ingredients in recipes. If \(x\) represents the number of item A you buy and \(y\) the number of item B, the equation helps you understand how many of each you can afford when you have a total budget of 8 units (dollars, cups, etc.). So next time you plan your grocery list, think of this equation as a helpful tool to optimize your spending!