SESSION 1.2: SELF-ASSESSMENT EXERCISE 1. Briefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship? How does it graph? What is direct relationship? How does it graph? 2. Graph each of the following sets of numbers in table 2 below. Draw a line through the points and calculate the slope of each line. X 1 C 1 Y 5 10 X 0 5 2 Y 0 5 X 1 2 3 Y 25 20 X 0.1 0.2 4 Y 100 75
SESSION 1.2: SELF-ASSESSMENT EXERCISE 1. Briefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship? How does it graph? What is direct relationship? How does it graph? 2. Graph each of the following sets of numbers in table 2 below. Draw a line through the points and calculate the slope of each line. X 1 C 1 Y 5 10 X 0 5 2 Y 0 5 X 1 2 3 Y 25 20 X 0.1 0.2 4 Y 100 75
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
Problem 1SQ
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Author:
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Publisher:
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