The questions are based on the following diagram: Percentage changes 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 Year --Variable 1 -Variable 2 --Variable 3 a. A decrease in variable 3 will cause a decrease in variable 2. b. An increase in variable 1 will cause a decrease in variable 2. c. An increase in variable 2 will cause an increase in variable 1. d. A decrease in variable 1 will cause an increase in variables 2 and 3. e. None of the above statements are correct.
The questions are based on the following diagram: Percentage changes 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 Year --Variable 1 -Variable 2 --Variable 3 a. A decrease in variable 3 will cause a decrease in variable 2. b. An increase in variable 1 will cause a decrease in variable 2. c. An increase in variable 2 will cause an increase in variable 1. d. A decrease in variable 1 will cause an increase in variables 2 and 3. e. None of the above statements are correct.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphs To Economics
Problem 12SQ
Related questions
Question
Transcribed Image Text:The questions are based on the
following diagram:
Percentage changes
35
30
25
20
15
10
5
0
0
1
2
3
4
5
6
Year
--Variable 1
-Variable 2
--Variable 3
a. A decrease in variable 3 will
cause a decrease in variable
2.
b. An increase in variable 1 will
cause a decrease in variable
2.
c. An increase in variable 2 will
cause an increase in variable
1.
d. A decrease in variable 1 will
cause an increase in
variables 2 and 3.
e.
None of the above
statements are correct.
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