The sign of the slope of a graph in economic analysis is ...
The sign of the slope of a graph in economic analysis is important because it
Shows whether a good is normal or inferior
Shows the relationship between variables
Reveals the magnitude of the change between variables
Helps to determine the unit of measurement of variables
Correct answer is C
The concept of slope is important in economics because it is used to measure the rate at which changes are taking place. It shows how things change and about how one item changes in response to a change in another item.
The poorer the country, the larger the percentage of labour force engaged in? ...
One of the assumptions of ordinal utility theory is that ...
One-man business are popular in West Africa because of all the following except the ...
Pricing and output decisions of sellers are highly interdependent in markets known as ...
In a solo proprietorship, decisions are made by the ...
Adam Smith's Theory of value stated that the value of a commodity depended on________ ...
Long-term funds for investment projects are sourced from the ...
..................... is the highest body in ECOWAS organogram ...
Money supply at any given point in time is referred to as ...