The sign of the slope of a graph in economic analysis is ...
The sign of the slope of a graph in economic analysis is important because it
Shows whether a good is normal or inferior
Shows the relationship between variables
Reveals the magnitude of the change between variables
Helps to determine the unit of measurement of variables
Correct answer is C
The concept of slope is important in economics because it is used to measure the rate at which changes are taking place. It shows how things change and about how one item changes in response to a change in another item.
A firm operating at full capacity will have a ...
Which of the following source of income is spectacular only to Government? ...
Net National Product is derived by deducting ...
When we draw a market demand curve, we? ...
Which of the following advantages of localization of industries may also be a disadvantage? ...
When market supply increases, the equilibrium price_________ ...
In a price-taking firm, the portion UT above is the firm's ...
The merging of firms engage in different stages of production and marketing is called? ...
An improvement in technology will enable the country to produce at ...