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Economics For Today

10th Edition
Tucker
Publisher: Cengage Learning
ISBN: 9781337613040

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BuyFindarrow_forward

Economics For Today

10th Edition
Tucker
Publisher: Cengage Learning
ISBN: 9781337613040
Chapter 1.A, Problem 6SQ
Textbook Problem
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Suppose two variables are directly related. If one variable rises, the other variable

  1. a. also rises.
  2. b. falls.
  3. c. remains unchanged.
  4. d. reacts unpredictably.

To determine

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...

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Chapter 1 Solutions

Economics For Today
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