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 - Review Questions - Page 28: 1

Answer

Graphs are pictorial representation of the given data.

Work Step by Step

Graphs are pictorial representations of data It helps in understanding the given information in a very easy and understandable manner. The application of geometry simplifies many calculations. An Inverse relation is when things in one variable lead to change in another variable in the opposite direction. It is a graphed using a negatively sloped curve. A direct relation is when things in one variable lead to change in another variable in the same direction. It is depicted using a positively sloped curve.
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