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Economic Analysis
Economic Analysis
x = 0 2 4 6 8 10 12 14 16 18 20
y = 0 1 2 3 4 5 6 7 8 9 10
16.
a. Graph the relation between x and y on Exhibit 4.
b. Is this a positive or a negative relation? How do you know?
c. What is the slope of the line?
17. *You are given the following information regarding the price of eggs and
the quantity purchased.
18.
a. Graph the relation between price and quantity purchased on Exhibit 5.
b. What is the slope of the line?
19. *In Exhibit 6, what is the slope of the curve at point a? point b? point c?
point d?
20. *
a. Draw a curve whose slope increases with distance from the origin.
b. Draw a curve illustrating a direct relation whose slope decreases as
the distance from the origin increases.
c. Draw a curve illustrating an inverse relation whose slope increases as
the distance from the origin increases.
d. Draw a curve illustrating an inverse relation whose slope decreases as
the distance from the origin increases.
*Throughout this study guide, asterisks next to question numbers indicate that the
material is discussed in an appendix.