What is the direction of slope indicated by thefollowing examples? [LO A.3]a. As the price of rice increases, consumerswant less of it.b. As the temperature increases, the amount ofpeople who use the town pool also increases.c. As farmers use more fertilizer, their output oftomatoes increases.
What is the direction of slope indicated by thefollowing examples? [LO A.3]a. As the price of rice increases, consumerswant less of it.b. As the temperature increases, the amount ofpeople who use the town pool also increases.c. As farmers use more fertilizer, their output oftomatoes increases.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
What is the direction of slope indicated by the
following examples? [LO A.3]
a. As the
want less of it.
b. As the temperature increases, the amount of
people who use the town pool also increases.
c. As farmers use more fertilizer, their output of
tomatoes increases.
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