What is meant by a direct and an inverse relationship between economic variables? Illustrate, using the accompanying graphs, how you think each of the following relationships would appear, and indicate whether each relationship is direct or inverse.

What is meant by a direct and an inverse relationship between economic variables? Illustrate, using the accompanying graphs, how you think each of the following relationships would appear, and indicate whether each relationship is direct or inverse

.a. Inches of snow and sales of mittens

b. Tuition and students demanding to enroll in a university

c. Consumers purchasing the same amount of gasoline regardless of its price

d. Salaries and years of education

The post What is meant by a direct and an inverse relationship between economic variables? Illustrate, using the accompanying graphs, how you think each of the following relationships would appear, and indicate whether each relationship is direct or inverse. appeared first on Essay Quoll.

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