Answer the following questions (a) - The variable shown on the vertical axis is (b)- The units for the variable on the horizontal axis are (c)-The slope of the Do curve is (d) - Indicate which variable is the independent variable and which variable is the dependent variable. Determine whether there is a positive or negative relationship between the two

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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10. Dependent & independent variables; positive & inverse relationships: Consider the
curve labelled Do in the diagram below:
Price
Dollars per Unit
265 0200 2005
(10)
$15
$12
$9
$6
$3
0
10
(c) - The slope of the Do curve is
20
30
Quantity
40
Thousands pounds of
apples per week
Answer the following questions
l) no old
(a) - The variable shown on the vertical axis is
(b)- The units for the variable on the horizontal axis are
So
50
Do
CAH
BAA
(d)
(d) - Indicate which variable is the independent variable and which variable is the
dependent variable.
ichste
(e) - Determine whether there is a positive or negative relationship between the two
variables represented by the curve labelled Do.
Transcribed Image Text:10. Dependent & independent variables; positive & inverse relationships: Consider the curve labelled Do in the diagram below: Price Dollars per Unit 265 0200 2005 (10) $15 $12 $9 $6 $3 0 10 (c) - The slope of the Do curve is 20 30 Quantity 40 Thousands pounds of apples per week Answer the following questions l) no old (a) - The variable shown on the vertical axis is (b)- The units for the variable on the horizontal axis are So 50 Do CAH BAA (d) (d) - Indicate which variable is the independent variable and which variable is the dependent variable. ichste (e) - Determine whether there is a positive or negative relationship between the two variables represented by the curve labelled Do.
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