Business
Engineering
Math
Science
Social Science
Suppose two variables are directly related. If one variable rises, the other variable a. also rises. b. falls. c. remains unchanged. d. reacts unpredictably.
Economics For Today
Economics For Today
Suppose two variables are directly related. If one variable rises, the other variable
- a. also rises.
- b. falls.
- c. remains unchanged.
- d. reacts unpredictably.
Impact of rise in one variable on other when they are directly related.
Explanation of Solution
When the two variables are concerned, there might be relation between the two or there might not be any relation between the two. There are different shapes of curves used to illustrate the relation between the two variables. When there is a relation between the two, there will be a curved line and when there is no relation, there will be a vertical or horizontal straight line.
Option (a):
When two variables are inversely related, the curve will be downward sloping which means that a rise in one variable will lead to the fall in the other variable. On the other hand when the two variables are related directly, an increase in one variable will lead to an increase in the other variable also. Thus, option 'a' is correct.
Option (b):
The direct relation between the two variables means that a rise in one variable will have the same rise in the second variable and vice versa...
Chapter 1 Solutions
Additional Business Textbook Solutions
Macroeconomics
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Essentials of Economics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Principles of Microeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics (MindTap Course List)
Survey of Accounting (Accounting I)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting (Book Only): A Career Approach
Corporate Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Accounting (Text Only)
Contemporary Marketing
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Accounting Information Systems
Accounting Information Systems
Corporate Financial Accounting
Practical Management Science
Managerial Accounting: The Cornerstone of Business Decision-Making
Management, Loose-Leaf Version
Financial And Managerial Accounting
Fundamentals of Financial Management (MindTap Course List)
College Accounting (Book Only): A Career Approach
Financial & Managerial Accounting
Foundations of Business (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Intermediate Accounting: Reporting And Analysis
College Accounting, Chapters 1-27
Financial & Managerial Accounting
Purchasing and Supply Chain Management
Financial Accounting
Essentials of Business Communication (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Cornerstones of Cost Management (Cornerstones Series)
Financial Accounting
Micro Economics For Today
Economics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Macroeconomics: Private and Public Choice (MindTap Course List)
Microeconomics
Microeconomics: Private and Public Choice (MindTap Course List)
Cornerstones of Financial Accounting
Managerial Accounting
Understanding Management (MindTap Course List)
