Macroeconomics: Principles, Problems, & Policies 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0-07766-077-3
ISBN 13: 978-0-07766-077-2

Chapter 1 Appendix - Graphs and Their Meaning - Appendix Discussion Questions - Page 28: 2

Answer

Inverse graphical relationship. Is not consistent with the fact that, historically, park attendance and ticket prices have both risen.

Work Step by Step

1) The graph has a downsloping curve as the ticket prices and the number of people choosing to visit amusement parks move in opposite directions. 2) It is not consistent with the fact that, historically, park attendance and ticket prices have both risen. This means the ticket prices and the number of people choosing to visit amusement parks move in the same direction so would have a direct graphical relationship.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions
GradeSaver will pay $500 for your Textbook Answer contributions