(a) If the price of movies increases, fewer consumers go to see movies. (b) More experienced workers typically have higher incomes than less experienced workers. (c) Whatever is the temperature outside, people consume the same number of hot dogs per day. (d) Consumers buy more frozen yogurt when the price of ice cream goes up. (e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter. (f) Regardless of its price, people buy the same quantity of salt. Concept Introduction The slope of a line: The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.

Panel (b) matches the given statements because whatever is the price of salt, the quantity of salt purchased remains the same.

The variable ‘quantity of salt’ shall appear on the horizontal axis and the variable ‘price of salt’ shall appear on the vertical axis.

Even if the variable on the vertical axis increases, the variable on the horizontal axis will remain unchanged. Thus, the slope shall be:

ESSENTIALS OF ECONOMICS, Chapter 2A, Problem 1P

Conclusion:

Thus, the slope is infinity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

2. Answer the following questions as they relate to a fishery: Why is the maximum sustainable yield not necessarily the optimal sustainable yield? Does the same intuition apply to Nathaniel's decision of when to cut his trees? What condition will hold at the equilibrium level of fishing in an open-access fishery? Use a graph to explain your answer, and show the level of fishing effort. Would this same condition hold if there was only one boat in the fishery? If not, what condition will hold, and why is it different? Use the same graph to show the single boat's level of effort. Suppose you are given authority to solve the open-access problem in the fishery. What is the key problem that you must address with your policy?

1. Repeated rounds of negotiation exacerbate the incentive to free-ride that exists for nations considering the ratification of international environmental agreements.

For environmental Economics, A-C Please

Answer 2

Question

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.

Panel (b) matches the given statements because whatever is the price of salt, the quantity of salt purchased remains the same.

The variable ‘quantity of salt’ shall appear on the horizontal axis and the variable ‘price of salt’ shall appear on the vertical axis.

Even if the variable on the vertical axis increases, the variable on the horizontal axis will remain unchanged. Thus, the slope shall be:

ESSENTIALS OF ECONOMICS, Chapter 2A, Problem 1P

Conclusion:

Thus, the slope is infinity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.

Panel (b) matches the given statements because whatever is the price of salt, the quantity of salt purchased remains the same.

The variable ‘quantity of salt’ shall appear on the horizontal axis and the variable ‘price of salt’ shall appear on the vertical axis.

Even if the variable on the vertical axis increases, the variable on the horizontal axis will remain unchanged. Thus, the slope shall be:

ESSENTIALS OF ECONOMICS, Chapter 2A, Problem 1P

Conclusion:

Thus, the slope is infinity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.

Panel (b) matches the given statements because whatever is the price of salt, the quantity of salt purchased remains the same.

The variable ‘quantity of salt’ shall appear on the horizontal axis and the variable ‘price of salt’ shall appear on the vertical axis.

Even if the variable on the vertical axis increases, the variable on the horizontal axis will remain unchanged. Thus, the slope shall be:

ESSENTIALS OF ECONOMICS, Chapter 2A, Problem 1P

Conclusion:

Thus, the slope is infinity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.

Panel (b) matches the given statements because whatever is the price of salt, the quantity of salt purchased remains the same.

The variable ‘quantity of salt’ shall appear on the horizontal axis and the variable ‘price of salt’ shall appear on the vertical axis.

Even if the variable on the vertical axis increases, the variable on the horizontal axis will remain unchanged. Thus, the slope shall be:

ESSENTIALS OF ECONOMICS, Chapter 2A, Problem 1P

Conclusion:

Thus, the slope is infinity.

Answer 6

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.

Panel (b) matches the given statements because whatever is the price of salt, the quantity of salt purchased remains the same.

The variable ‘quantity of salt’ shall appear on the horizontal axis and the variable ‘price of salt’ shall appear on the vertical axis.

Even if the variable on the vertical axis increases, the variable on the horizontal axis will remain unchanged. Thus, the slope shall be:

ESSENTIALS OF ECONOMICS, Chapter 2A, Problem 1P

Conclusion:

Thus, the slope is infinity.

Answer 7

Chapter 2A, Problem 1P

To determine

(a) If the price of movies increases, fewer consumers go to see movies.

(b) More experienced workers typically have higher incomes than less experienced workers.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

(f) Regardless of its price, people buy the same quantity of salt.

Concept Introduction

The slope of a line:

The slope of a line represents the change in the value of y-axis per unit value on the x-axis. The slope of a line is a measure of the steepness of the line.

Answer 8

Expert Solution & Answer

Explanation of Solution

(a) If the price of movies increases, fewer consumers go to see movies.

Panel (a) matches the given statements because as the price of the movies will increase, the number of fans going to movies will decrease.

The variable ‘price of movies’ shall appear on the vertical axis and the variable ‘number of fans’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will decrease. Thus, there is a negative relationship between the two variables indicating the slope is negative. The curve is Concave or decreasing.

Conclusion:

Thus, the slope is negative.

(b) More experienced workers typically have higher incomes than less experienced workers.

Panel (c) matches the given statements because as the experience of a worker increases, the income will also increase.

The variable ‘experience of workers’ shall appear on the vertical axis and the variable ‘income of workers’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive. It is a convex curve or increasing.

Conclusion:

Thus, the slope is positive.

(c) Whatever is the temperature outside, people consume the same number of hot dogs per day.

Panel (d) matches the given statements because whatever is the outside temperature, the hot dog consumption remains the same.

The variable ‘temperature’ shall appear on the horizontal axis and the variable ‘consumption of hot dogs’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain the same. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(d) Consumers buy more frozen yogurt when the price of ice cream goes up.

Panel (c) matches the given statement because as the price of ice cream increases, the sale of frozen yogurt also increases.

The variable ‘price of ice cream’ shall appear on the vertical axis and the variable ‘sale of frozen yogurt’ will appear on the horizontal axis.

As the variable on the vertical axis increases, the variable on the horizontal axis will also increase. Thus, there is a positive relationship between the two variables indicating that the slope is positive.

Conclusion:

Thus, the slope is positive.

(e) Research finds no relationship between the number of diet books purchased and the number of pounds lost by the average dieter.

Panel (d) matches the given statements because whatever is the number of diet books purchased, the number of pounds lost by the average dieter does not change.

The variable ‘number of diet books purchased’ shall appear on the horizontal axis and the variable ‘number of pounds lost by average dieter’ shall appear on the vertical axis.

Even if the variable on the horizontal axis increases, the variable on the vertical axis will remain unchanged. Thus, there is no relationship between the two variables indicating that the slope is zero.

Conclusion:

Thus, the slope is zero.

(f) Regardless of its price, people buy the same quantity of salt.