Class Exercise No 1 • Given the following data in the table:- 1- Draw the curve where Y is vertical axis and X is horizontal axis 2- Find the slope between point B and C Y X A 1 42 B 2 30 c 3 18 Points D 4 12 17
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- The following graph contains four lines (A, B, C and D), each of which has a slope that is either positive, negative, zero, or infinite. Y-axisX-axisBDCA For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario for the horizontal and vertical axis. For example, in the first scenario, X-axis should be labeled “ ice-cream" and Y-axis should be labeled "The temperature". Scenario Relationship Line As the temperature rises, the demand for ice-cream rises. Negative As the temperature rises, the demand for hot cocoa falls. Positive As the temperature falls, the demand for popsicles falls. Negative True or False: Line B has a slope of infinity.…Exercise B9 Does a change in price both an income effect and a substitution effect? Does a change in income have income effect and a substitution effect?Exercise B10 Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.
- Can you help me examine the relationship between both graphsWhat is the variable that adjusts the effect of the independent variable on the dependent variable (one word)Refresh your Math & Graphing Skills SOP-A D For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. X-axis Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario for the horizontal and vertical axis. For example, in the first scenario, X-axis should be labeled The average grade received" and Y-axis should be labeled "The number of hours spent studying". Scenario As the number of hours spent studying rises, the average grade received rises. As the number of hours spent studying falis, the likelihood of getting an A falls. As the number of hours spent watching TV rises, the average grade received falls. True True or False: Line B has a slope of infinity. O False www Relationship Line Y