Variables A and B are inversely related. If we plot A on the horizontal axis and B on the vertical axis, the line that connects combinations of A and B in a two-variable diagram is
A) parallel to the horizontal axis.
B) downward-sloping (left to right).
C) parallel to the vertical axis.
D) upward-sloping (left to right).
E) a or c
B
Economics
You might also like to view...
Suppose the price level, the money wage, and the price of all other resources rise by 10 percent. This set of changes leads to
A) an upward movement along the LAS curve. B) a downward movement along the LAS curve. C) an upward movement along the SAS curve. D) a leftward shift of the LAS curve.
Economics
Do you agree or disagree with the statement that: “A monopolist always charges the highest possible price.” Explain
What will be an ideal response?
Economics