Microeconomics
2nd Edition
ISBN: 9781259813337
Author: KARLAN, Dean S., Morduch, Jonathan
Publisher: Mcgraw-hill Education,
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Question
Chapter A, Problem 1PA
To determine
Creation of four quadrants using x- and y- axes.
Expert Solution & Answer
Explanation of Solution
Quadrants are used to refer to four quarters of the coordinate plane. Coordinate plane has an x-axis, which divides into top and bottom half, and y-axis, which divides into left and right half.
The givenfour points are:
- When the value of 'X' is 1, the value of 'Y' is 4.
- When the value of 'X' is -2, the value of 'Y' is 1.
- When the value of 'X' is -3, the value of 'Y' is -3.
- When the value of 'X' is 3, the value of 'Y' is -2.
The following graph plots the points of values of 'X' and corresponding 'Y' values.
Horizontal line is the X-axis and vertical line is Y-axis.
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