Exam 19: Graphs in Economics

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Use the following to answer questions: Use the following to answer questions:   -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is: -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is:

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A

Use the following to answer questions: Use the following to answer questions:   -(Figure: Illustrating Slope)Use Figure: Illustrating Slope.In the graph,line 1 depicts X and Y to be: -(Figure: Illustrating Slope)Use Figure: Illustrating Slope.In the graph,line 1 depicts X and Y to be:

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D

On a two-dimensional graph representing two variables:

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C

A linear curve has the same slope between every pair of points.

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Use the following to answer questions: Use the following to answer questions:   -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.A linear relationship exists between: -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.A linear relationship exists between:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.What is the approximate slope of the graph between 1/2004 and 1/2006 (using percentage point and years as the units on the vertical and horizontal axes,respectively)? -(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.What is the approximate slope of the graph between 1/2004 and 1/2006 (using percentage point and years as the units on the vertical and horizontal axes,respectively)?

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A positive relationship between swimsuits purchased and ice cream purchased could be the result of:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Slope)Use Figure: Slope.The slope of the line in the graph can be calculated by: -(Figure: Slope)Use Figure: Slope.The slope of the line in the graph can be calculated by:

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Use the following to answer questions: Use the following to answer questions:   -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The slope of the line representing the relationship between price on the vertical axis and quantity demanded on the horizontal axis is: -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The slope of the line representing the relationship between price on the vertical axis and quantity demanded on the horizontal axis is:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Hot Drinks Sold and Temperature)Use Figure: Hot Drinks Sold and Temperature.If we move from point J to point L in the figure,the outside temperature has _____ degrees and the number of hot drinks sold has _____. -(Figure: Hot Drinks Sold and Temperature)Use Figure: Hot Drinks Sold and Temperature.If we move from point J to point L in the figure,the outside temperature has _____ degrees and the number of hot drinks sold has _____.

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Taylor sees a bar graph showing the average weight of adult males over the past 200 years and concludes that men get more obese over time.Taylor's conclusion may be wrong since she did not consider:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Demand and Supply of Shirts)Use Figure Demand and Supply of Shirts.If the line labeled S shows how many shirts per week will be offered for sale at various prices,then it is clear that,for supply,quantity and price are: -(Figure: Demand and Supply of Shirts)Use Figure Demand and Supply of Shirts.If the line labeled S shows how many shirts per week will be offered for sale at various prices,then it is clear that,for supply,quantity and price are:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Hot Drinks Sold and Temperature)Use Figure: Hot Drinks Sold and Temperature.If we move from point L to point M in the figure,the outside temperature has _____ degrees and the number of hot drinks sold has _____. -(Figure: Hot Drinks Sold and Temperature)Use Figure: Hot Drinks Sold and Temperature.If we move from point L to point M in the figure,the outside temperature has _____ degrees and the number of hot drinks sold has _____.

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The scaling of the axes of a time-series graph:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Good X and Good Y)Use Figure: Good X and Good Y.If we move from point B to point C in the figure,the x-variable has _____ units and the y-variable has _____ units. -(Figure: Good X and Good Y)Use Figure: Good X and Good Y.If we move from point B to point C in the figure,the x-variable has _____ units and the y-variable has _____ units.

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.Unemployment was _____ between 1/2001 and 1/2003 and _____ between 1/2007 and 1/2008. -(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.Unemployment was _____ between 1/2001 and 1/2003 and _____ between 1/2007 and 1/2008.

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If two variables are positively related,on a graph they will always be represented by a:

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In looking at a chart of the positive relationship between police officers and crime,the mayor remarks that more police officers cause more crime.The mayor may be wrong because she did not consider:

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Cold Drinks Sold and Temperature)Use Figure: Cold Drinks Sold and Temperature.If we move from point B to point C in the figure,the outside temperature has _____ degrees and the number of cold drinks sold has _____. -(Figure: Cold Drinks Sold and Temperature)Use Figure: Cold Drinks Sold and Temperature.If we move from point B to point C in the figure,the outside temperature has _____ degrees and the number of cold drinks sold has _____.

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Use the following to answer question 43: Use the following to answer question 43:   -(Figure: y = f(x))Use Figure: y = f(x).The slope of the relation between x and y is: -(Figure: y = f(x))Use Figure: y = f(x).The slope of the relation between x and y is:

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