When two variables have a positive correlation, O a. if the x-variable decreases, the y-variable decreases. b. one variable will move while the other remains constant O c. the variables' values are never positive. O d. if the x-variable increases, the y-variable decreases.
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- Please explain two principal variables that have determined the commodification by giving examples.Q2. a. What is the law of demand? Give two examples of how you have observed the law of demand at work in the “real world.” How is the law of demand related to the demand curve?b. What variables influence the demand for a normal good? Explain why a reduction in the price of a normal good does not increase the demand for that good.Q4. What is econometric forecasting? If econometrics forecasting is considered the bestforecasting technique, what usefulness remains over other forecasting techniquesCome up with two variables that, in your view, are related, indicate the name of these variables as well as why these variables are related; determine which variable is the dependent variable and which one is the independent variable. Draw a line graph by hand, labeling the vertical and horizontal axis consistent with your choice of variables. The line in the line graph has to represent, what, in your view, is the relationship between the two variables. Describe your graph verbally in your post (no need to upload the graph itself). Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.
- Rank the three economic variables from most important to least important.Provide one relevant reason to justify your selection for each of the threepositions. (i.e. a reason why each variable is placed at position 1, 2 and 3.) Rank Variable Justifications 1 2 3Economics explain both figures individually and under seperate heading. mention what is happeninh in both the graphs and why there is shift in the curves. how the curves effect the variables mentioned in x and y axis. give a detailed explaination and step wise.What is the dependent variable and which is the independent variable?
- What is meant by dummy variable and how dummy variables are constructed?in questions 5 &6, what is meant by higher and lower? An inward or an outward shift?10. Utility is a type of function that occurs in economics. When a consumer receives x unils of a certain product, a certain amount of pleasure, or utility U, is derived The graph represents a typical utility function. a) Find the average rate of change of U as x changes from 0 to 1 , from 1 to 2 , from 2 to 3 , from 3 to 4 b) Why do the average rates of change decrease as x increases? a) The average rate of change of U as x changes from 0 to 1 is (Type an integer or a decimal.)
- What is Nature of a Dummy Variable?In IS-MP model what variable is on horizontal axis? If IS-MP have different variable on horizontal axis how can we put these two curves into one diagram?Why does dependent variables must covariate in the multivariate analyses like MANOVA/MANCOVA? What happens if they don't covariate, will you be able to proceed in multivariate analyses?