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The questions are based on the following diagram: Percentage changes 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 Year --Variable 1 Variable 2 --Variable 3 a. A decrease in variable 3 will cause a decrease in variable 2. b. An increase in variable 1 will cause a decrease in variable 2. c. An increase in variable 2 will cause an increase in variable 1. d. A decrease in variable 1 will cause an increase in variables 2 and 3. e. None of the above statements are correct.

The questions are based on the following diagram: Percentage changes 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 Year --Variable 1 Variable 2 --Variable 3 a. A decrease in variable 3 will cause a decrease in variable 2. b. An increase in variable 1 will cause a decrease in variable 2. c. An increase in variable 2 will cause an increase in variable 1. d. A decrease in variable 1 will cause an increase in variables 2 and 3. e. None of the above statements are correct.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The questions are based on the following diagram: Percentage changes 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 Year --Variable 1 Variable 2 --Variable 3 a. A decrease in variable 3 will cause a decrease in variable 2. b. An increase in variable 1 will cause a decrease in variable 2. c. An increase in variable 2 will cause an increase in variable 1. d. A decrease in variable 1 will cause an increase in variables 2 and 3. e. None of the above statements are correct.
Transcribed Image Text:The questions are based on the following diagram: Percentage changes 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 Year --Variable 1 Variable 2 --Variable 3 a. A decrease in variable 3 will cause a decrease in variable 2. b. An increase in variable 1 will cause a decrease in variable 2. c. An increase in variable 2 will cause an increase in variable 1. d. A decrease in variable 1 will cause an increase in variables 2 and 3. e. None of the above statements are correct.
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