On a graph, a positive linear relationship___________________?
Correct answer: C. moves up to the right
- A. moves down to the right
- B. moves up to the left
- C. moves up to the right
- D. moves down to the left
Explanation
On the usual graph, a positive relationship means both variables rise together, so the line slopes upward from left to right. A downward slope represents a negative relationship.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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