100 80 60 40 20 O 40 80 120 160 200 Refer to the diagram. The equation that shows the relationship between y and x is OAy= 50 + X OB.X = %Y. Ocy= X- 50. OD.y 4X
100 80 60 40 20 O 40 80 120 160 200 Refer to the diagram. The equation that shows the relationship between y and x is OAy= 50 + X OB.X = %Y. Ocy= X- 50. OD.y 4X
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:100
80
60
40
20
40 80 120 160 200
Refer to the diagram. The equation that shows the relationship between Y and x is
OAy= 50 + 4X
OB.X = %Y.
OCy=X-50.
OD.y = 4X.
QUESTION 26
In the market for T shirts, the Milwaukee Bucks win the NBA which of the following is most likely to happen?
O A. The demand curve for Milwaukee Ducks' T shirts will shift to the left
O E. The supply curve for Milwaukee Bucks' T shiris will shift to the right
OL The supply curve for Milwaukee Bucks'T shirts will shift to the left
O D. The demand curve for Milwaukee Ducks' T shirts will shift to the right
QUESTION 27
Consider the following data for a hypothetical economy:
Year
Real GDP
Population
$5000 billion
200 million
2
$6000 billion
250 million
What is the economic growth rate for GDP per capita for this economy for year 2?
OA 20%
OB. 20%
OC 49%
O D. 4%
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