Exhibit 1A-7 Straight line relationship
Using the relationship shown in Exhibit 1A-7, suppose the price of air travel increases. How would you revise the graph to show this change?
A) Draw a new point on the graph upward and to the left.
B) Draw a new point on the graph downward and to the right.
C) Draw a new line on the graph.
D) Change the current line so that its slope is flatter.
Correct Answer:
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Q2: Which of the following is true of
Q3: The services of farmers are an example
Q17: Human wants:
A) are unfilled only in the
Q19: Scarcity:
A) is a problem only in industrialized
Q35: Exhibit 1A-10 Multi-curve graph Q36: When economists say scarcity, they mean: Q36: Which of the following is not an Q38: Scarcity: Q39: Exhibit 1A-4 Straight line Q39: All of the following are examples of
A) there
A) exists because resources are unlimited while
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