Study the four accompanying diagrams. Consider the following statements and indicate which diagram matches each statement. Which

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Study the four accompanying diagrams. Consider the following statements and indicate which diagram matches each statement. Which variable would appear on the horizontal and which on the vertical axis? In each of these statements, is the slope positive, negative, zero, or infinity?

Panel (b) Panel (a) Panel (d) Panel (c)


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 the temperature outside, Canadians 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, Canadians buy the same quantity of salt.

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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