Asked by Samantha Adams on Apr 25, 2024
Verified
When two variables move in the same direction, the curve relating them is
A) downward sloping, and we say the variables are negatively related.
B) upward sloping, and we say the variables are negatively related.
C) downward sloping, and we say the variables are positively related.
D) upward sloping, and we say the variables are positively related.
Variables
Elements, features, or factors that are likely to vary or change and are often used in scientific or mathematical experiments and models to test hypotheses and outcomes.
Curve
In economics, it typically refers to a graphical representation of the relationship between two variables.
Positively Related
A relationship between two variables where an increase in one variable leads to an increase in the other variable.
- Interpret graphical data in economics, such as graphs, tables, and coordinates, to analyze economic concepts.
Verified Answer
GS
Gurkirat Singh5 days ago
Final Answer :
D
Explanation :
When two variables move in the same direction, it means that as one variable increases, the other also increases, and vice versa. This relationship is graphically represented by an upward sloping curve, and we say the variables are positively related.
Learning Objectives
- Interpret graphical data in economics, such as graphs, tables, and coordinates, to analyze economic concepts.