Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Appendix - Disscussion Questions - Page 28: 1

Answer

- Graphs are a convenient and revealing way to represent economic relationships. - Two variables are negatively or inversely related when their values change in opposite directions. The line (curve) representing two inversely related variables slopes downward. - Two variables are positively or directly related when their values change in the same direction. The line (curve) representing two directly related variables slopes upward.

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