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Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
257. The slope of a straight line can be determined by:
258. Refer to the above diagram. The variables X and Y are:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
259. Refer to the above diagram. The vertical intercept:
260. Refer to the above diagram. The slope of the line:
261. Refer to the above diagram. The equation that shows the relationship between Y and X
is:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
262. Refer to the above graph. Which of the following statements is correct?
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
263. Refer to the above graph. Which of the following schedules correctly reflects "demand"?
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
264. Refer to the above graph. Which of the following schedules correctly reflects "supply"?
265. Refer to the above graph. Using Qd for quantity demanded and P for price, which of the
following equations correctly states the demand for this product?
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
266. Refer to the above graph. Using Qs for quantity supplied and P for price, which of the
following equations correctly states the supply of this product?
267. Assume a household would consume $100 worth of goods and services per week if its
weekly income were zero and would spend an additional $80 per week for each $100 of
additional income. Letting C represent consumption and Y represent income, the equation that
summarizes this relationship is:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
Answer the question on the basis of the following five data sets wherein it is assumed that the
variable shown on the left is the independent variable and the one on the right is the
dependent variable. Assume in graphing these data that the independent variable is shown on
the horizontal axis and the dependent variable on the vertical axis.
268. Refer to the above data sets. The variables are directly related in:
269. Refer to the above data sets. The vertical intercept is positive for:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
270. Refer to the above data sets. The vertical intercept is negative for:
271. Refer to the above data sets. The equation for data set 3 is:
272. Refer to the above data sets. For which data set(s) is the vertical intercept zero?
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
273. Refer to the above data sets. The equation for data set 5 is:
274. Refer to the above data sets. Which of the data sets would graph as an upsloping line?
275. If the equation y = 15 - 4x was plotted, the:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
276. If the equation y = -10 + 2.5x was plotted:
277.
The movement from line A to line A' represents a change in:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
278. In the above diagram variables x and y are:
279. In the above diagram the vertical intercept and slope are:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
280. In the above diagram the equation for this line is:
281. If we are considering the relationship between two variables and release one of the other-
things-equal assumptions, we would expect:
282. The amount of pizzas that consumers want to buy per week is reflected in the equation P
= 15 - .02Qd, where Qd is the amount of pizzas purchased per week and P is the price of
pizzas. On the basis of this information we can say that:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
283. Refer to the above diagram. The slope of curve ZZ at point A is approximately:
284. Refer to the above diagram. The slope of curve ZZ at point B is:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
285. Refer to the above diagram. The slope of curve ZZ at point C is approximately:
286. The slope of a line parallel to the vertical axis is:
287. The slope of a line parallel to the horizontal axis is:
Chapter 01 - Limits, Alternatives, and Choices (+ Appendix)
288. Slopes of lines are especially important in economics because:
