can you please draw the graph 1. (Appendix Question) The following table contains data on the relationship between saving and income.Rearrange these data into a meaningful order and graph them on the accompanying grid. Thevariable on X-axis should be (Label variables on the graph. →), and the variable on y-axis should be ().100Income(per year)Saving(per year)soS-2050501002015040-5050100150The relationship between income and saving is (direct, inverse; positive, negative ). That means, asincome increases, the amount of saving (increases, decreases, stays the same).What is the slope of the line? Slope =.The slope shows the amount of changes in savings due to the changes in income. That is, for every $1increase in income, the amount of increase in saving will be $The vertical intercept? (= $when income is C= Vertical changes + Horizontal changes_). The intercept shows the amount of saving (dissaving) occurring

Answered: an you please draw the graph

Business

Economics

an you please draw the graph

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

can you please draw the graph

Expert Solution

Step 1

Note:Drawing the Graph only, since you asked to draw the graph out of all the questions

The Income -Savings graph can be drawn by plotting the value of Income on the axis where income is taken and by plotting the value of Savings on the axis where it is taken.

After that, join all the (x,y) Points in order to obtain the curve.

Step by step

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