Graphically express a direct and an inverse or negative relationship. What could cause a shift in a line or curve expressing a relationship between two variables?
A direct relationship will slope upward; it will have a positive slope. An inverse relationship will slope downward; it will have a negative slope. A change in some relevant variable other than those listed on the vertical or horizontal axis must change in order to shift a line or curve expressing a relationship between two variables.
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Larry spends all his $800 monthly income on pizza and gasoline. The price of pizza is $4 a slice, and the price of gasoline is $2 per gallon
If Larry buys 150 slices of pizza per month, his budget constraint will allow him to buy ________ gallons of gas per month. A) 100 B) 80 C) 120 D) 200
A shift in the demand curve means
a. a change in demand at every price b. a rise in prices c. a decrease in both price and quantity demanded d. a change in consumer income