What is the direction of slope indicated by the following examples? a. As price of rice increases,

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What is the direction of slope indicated by the following examples?

a. As price of rice increases, consumers 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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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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