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The slope of the line between points a and b is
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.25
-4
-.25
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- Economics jj Consider the partial data set in the table represents online hours spent shopping by age and income. Using the min-max transformation to normalize Income, what is the average standard deviation of Income for the chart provided? Use the min-max transformation to normalize the observations for Income spent online. Age ID 2,201 2,202 2,203 2,204 2,205 2,206 Income 57,000 57,000 54,000 17,000 37,000 45,000 Multiple Choice 1.000 0.6875 51 48 45 35 33 31 Online Hours S459N4 2Exercise B10 Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.Exercise A1 Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.
- Exercise D18 How do economists use the multiplier?IF demand equation is Qdx-20+3M assume that the income of individuals are 30ORO. What will be the Qd a. 1500 b. 320 C. 1250 O d. 920IF demand equation is Qdx=20+3M assume that the income of individuals are 30ORO. What will be the the relation between them O a. Positive, 920 O b. Negative ,1520 O c. Positive, 1520 O d. Negative, 920
