--%>

What is an inverse relationship

Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?

E

Expert

Verified

Graphs can be used to illustrate the relationship between two sets of data. When 2 variables change in opposite directions it is said to be an inverse relationship.  The slope of line is decreasing. When 2 variables transform in the same direction it is said to be direct relationship.  The slope of line is increasing.  Statements illustrate direct relationships.  Statement illustrates an inverse relationship. It assumes that everything remains equal in inverse relationship.

   Related Questions in Business Economics

  • Q : Determine the relative cost of a product

    If banana divides are $2, CD disks are $10, and SCUBA vacations are $360, then what is the relative cost of a SCUBA vacation in phrases of a CD disk: (i) 36 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (v) 3,600 disks.

    Q : Introduction of the term Cost of capital

    Give a brief introduction of the term Cost of capital?

  • Q : Strategic behaviour of decisionmaker If

    If one decisionmaker in interdependent circumstances calibrates its decisions to the anticipated reactions of the other party, in that case the decisionmaker is engaged within: (1) psychological forecasting. (2) profit maximization. (3) collusion. (4) strategic behavi

  • Q : Micro economics and macro economics

    Micro economics and macro economics:Economic theory can be widely divided into micro and macroeconomics. The word micro means small and macro means big.In microeconomics, we deal

  • Q : Describe the Functional distribution of

    Describe the Functional distribution of income?

  • Q : Illustrate Measuring unemployment

    Illustrate Measuring unemployment?

  • Q : Why does a demand curve slope downward

    Why does a demand curve slope downward?

  • Q : Elucidate facilitating factors that

    Elucidate facilitating factors that explain the growth of trade?

  • Q : Reasons for change in expanded

    What are the reasons for change in expanded production possibilities with women?

  • Q : Characteristics of Perfectly

    Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1434474 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1947949
    Asked

    3,689

    Active Tutors

    1434474

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.