Positive slope and negative slope.
Explanation of Solution
Graphs B and D have positive slopes. This is because in graph B, long-term
Graphs A and C have negative slopes. This is because graph A shows the demand curve of oil, which shows decrease in the quantity demanded of oil with increase in price. In graph C, GDP decreases as the percentage of child labor force increases.
Concept Introduction:
Slope: A slope is the value that makes a variation in the dependent variable by making one unit change in the independent value.
Want to see more full solutions like this?
Chapter A Solutions
Loose-leaf Version for Modern Principles of Microeconomics 4e & SaplingPlus for Modern Principles of Microeconomics 4e (Six Months Access)
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education