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.
A change from one industry to another by a worker is an example of ...
In equilibrium, injections are equal to ...
When elasticity is zero the demand curve is ...
An upward movement along the same supply curve results in ...
The theory of consumer behavior is based on all the following assumption except that the ...
If total income is N15m and total consumption is N3m, then the average propensity to consume is ...
Full equilibrium under perfect competition requires that? ...
Mortgage banks give loan to investors on long term basis to ...
A change in the pump price of petrol in Nigeria has a direct effect on the ...
In national income accounts, an item counted as part of government spending is ...