--%>
Assignment Help - homework help

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 : Public Sector Government Role

    Illustrate the Public Sector Government’s Role of providing the legal structure?

    		•
  • Q : Explain about the Payments for using

    Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money.

    Q : What are the major legal forms of

    What are the major legal forms of business organization?

    		•
  • Q : Super committee failure Question: Some

    Question: Some commentators have argued that the failure of the "Super committee" is good thing for the economy?  Do you agree? Answer: The Super committe

    		•
  • Q : What do you mean by inflation What do

    What do you mean by inflation

    		•
  • Q : International Trade & Globalization

    Question: 1.   Long-term Growth, International Trade & Globalization a.   In terms of understanding the importance of trade to an economy, the most impor

    		•
  • Q : Problem regarding private firms I have

    I have a problem in economics on Problem regarding private firms. Please help me in the following question. The mass of U.S. output is generated by: (i) Producer cooperatives. (ii) Non-profit organizations. (iii) Private firms. (iv) Government agencie

    		•
  • Q : Illustrate Scarcity and choice of

    Illustrate Scarcity and choice of Economic Perspective?

    		•
  • Q : Comparative Advantage of free trade

    According to the advocates of free trade and World Trade Organization, each and every country potentially advantages from trade liberalization and the lowering of tariffs since each and every country: (1) Has a comparative benefit in something. (2) Ga

    		•
  • Q : Least probability of competitive market

    The competitive market system is least probable to be allocatively unproductive as a result of: (w) externalities and public goods. (x) cutthroat competition and the outsourcing of low-wage jobs to less grown countries. (y) the underproduction of a go

    		•