Question on: JAMB Economics - 2012
The sign of the slope of a graph in economic analysis is important because it
A
shows whether a good is normal or inferior
B
shows the relationship between variables
C
reveals the magnitude of the change between variables
D
helps to determine the unit of measurement of variables
Ask EduPadi AI for a detailed answer
Correct Option: D
The slope of a graph in economics is crucial because it visually represents the relationship between the variables plotted on the axes.
Add your answer
Please share this, thanks!
No responses