Asked by Jasmine Agosto on Jun 25, 2024
Verified
If two sets of data are inversely related, they will appear on a graph as an upward-sloping line.
Inversely Related
A relationship between two variables where one increases as the other decreases, or vice versa.
Upward-Sloping
Characteristic of a line or curve that rises as it moves from left to right, used to describe certain types of supply curves.
- Perceive the importance of graphing in the field of economic analysis, especially the understanding of slopes, the connections among variables, and the reading of economic models.
Verified Answer
MS
Morgan SchlesigerJun 26, 2024
Final Answer :
False
Explanation :
If two sets of data are inversely related, they will typically appear on a graph as a downward-sloping line, indicating that as one variable increases, the other decreases.
Learning Objectives
- Perceive the importance of graphing in the field of economic analysis, especially the understanding of slopes, the connections among variables, and the reading of economic models.