Final answer:
Changing the y-intercept to -3 in the equation f(x) = 4x + 8 will shift the graph downward.
Step-by-step explanation:
The effect of changing the y-intercept of the graph of f(x) = 4x + 8 to -3 is that the graph will shift downward.
The original y-intercept is 8, which means the graph passes through the point (0, 8). When the y-intercept changes to -3, the graph will pass through the point (0, -3).
Since the slope remains the same at 4, the graph will have the same steepness, but it will be shifted downwards on the y-axis.