Question 1

Exhibit 1A-10 Multi-curve graph  Exhibit 1A-10 represents a three-variable relationship. As the annual income of consumers rises from $20,000 (line A)to $40,000 (line B), the result is a:

Accepted Answer

A) rightward movement along each curve. 
B) leftward movement along each curve. 
C) leftward shift in curve B to curve A. 
D) leftward shift in curve A to curve B.

Question 2

Exhibit 1A-8 Straight line relationship  What is the slope of the line shown in Exhibit 1A-8?

Accepted Answer

A) - 1. 
B) - 1\2. 
C) - 1\4. 
D) 0.

Question 3

When an inverse relationship is graphed, the resulting line or curve is:

Accepted Answer

A) horizontal. 
B) vertical. 
C) upward-sloping. 
D) downward-sloping.

Question 4

Exhibit 1A-4 Straight line  In Exhibit 1A-4, the slope of straight line A-D is:

Accepted Answer

A) positive. 
B) zero. 
C) negative. 
D) variable.

Question 5

Exhibit 1A-2 Straight line  In Exhibit 1A-2, the slope of straight line CD is:

Accepted Answer

A) positive. 
B) zero. 
C) negative. 
D) variable.

Question 6

Exhibit 1A-4 Straight line  In Exhibit 1A-4, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y value remains unchanged at 40 units. The relationship between the X and Y variables is:

Accepted Answer

A) direct. 
B) inverse. 
C) independent. 
D) undefined.

Question 7

The slope of a line parallel to the horizontal axis is:

Accepted Answer

A) 1. 
B) 0. 
C) infinite. 
D) undefined.

Question 8

Exhibit 1A-3 Straight line  As shown in Exhibit 1A-3, the slope of straight line AB:

Accepted Answer

A) decreases with increases in X. 
B) increases with increases in X. 
C) increases with decreases in X. 
D) remains constant with changes in X.

Exam 21: Applying Graphs to Economics

Exhibit 1A-10 Multi-curve graph Exhibit 1A-10 represents a three-variable relationship. As the annual income of consumers rises from $20,000 (line A) to $40,000 (line B) , the result is a:

Exhibit 1A-8 Straight line relationship $Exhibit 1A-8 Straight line relationship What is the slope of the line shown in Exhibit 1A-8? A) - 1. B) - 1\2. C) - 1\4. D) 0.$ What is the slope of the line shown in Exhibit 1A-8?

When an inverse relationship is graphed, the resulting line or curve is:

Exhibit 1A-4 Straight line In Exhibit 1A-4, the slope of straight line A-D is:

Exhibit 1A-2 Straight line In Exhibit 1A-2, the slope of straight line CD is:

Exhibit 1A-4 Straight line In Exhibit 1A-4, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y value remains unchanged at 40 units. The relationship between the X and Y variables is:

The slope of a line parallel to the horizontal axis is:

Exhibit 1A-3 Straight line As shown in Exhibit 1A-3, the slope of straight line AB: