Macroeconomics
13th Edition
ISBN: 9780134744452
Author: PARKIN, Michael
Publisher: Pearson,
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Question
Chapter 1.A, Problem 21APA
To determine
Graphical illustration of the relationship between price and number of umbrellas purchased.
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The table provides data on the price of an umbrella, the amount of rainfall, and the number of
umbrellas bought per day.
Price
(dollars per
umbrella)
20
30
40
2 inches
30
20
15
2) 3 inches. Label the point 2.
3) 4 inches. Label the point 3.
Umbrellas
(number per day)
3 inches
40
30
25
4 inches
60
45
30
Draw points to show the price when the quantity is 30 umbrellas and the rainfall is
1) 2 inches. Label the point 1.
Draw a curve through these points to illustrate the relationship between rainfall and price when
the quantity is constant at 30 umbrellas.
40-
30
20-
10-
0
Price (dollars per umbrella)
Rainfall (inches per day)
>>> Draw only the objects specified in the question.
interpret the data in the graph
The graph shows a relationship between two variables, x and y.
What is the slope of the relationship at point A?
>>> The graph will plot data needed to answer this question.
The slope of the relationship at point A is
>>>If the slope is negative, use a minus sign. If the slope is positive, do not use a plus sign
80-
70-
00-
50-
40
304
20
10-
y
30
>>> Click on the graph to work out the answer
Time Remaining: 01:00:48
C
Chapter 1 Solutions
Macroeconomics
Ch. 1.1 - Prob. 1RQCh. 1.1 - Prob. 2RQCh. 1.1 - Prob. 3RQCh. 1.2 - Prob. 1RQCh. 1.2 - Prob. 2RQCh. 1.3 - Prob. 1RQCh. 1.3 - Prob. 2RQCh. 1.3 - Prob. 3RQCh. 1.3 - Prob. 4RQCh. 1.3 - Prob. 5RQ
Ch. 1.4 - Prob. 1RQCh. 1.4 - Prob. 2RQCh. 1.4 - Prob. 3RQCh. 1.4 - Prob. 4RQCh. 1.5 - Prob. 1RQCh. 1.5 - Prob. 2RQCh. 1.5 - Prob. 3RQCh. 1.A - Prob. 1RQCh. 1.A - Prob. 2RQCh. 1.A - Prob. 3RQCh. 1.A - Prob. 4RQCh. 1.A - Prob. 5RQCh. 1.A - Prob. 6RQCh. 1.A - Prob. 7RQCh. 1.A - Prob. 8RQCh. 1.A - Prob. 9RQCh. 1.A - Prob. 10RQCh. 1.A - Prob. 11RQCh. 1.A - Prob. 1SPACh. 1.A - Prob. 2SPACh. 1.A - Prob. 3SPACh. 1.A - Prob. 4SPACh. 1.A - Prob. 5SPACh. 1.A - Prob. 6SPACh. 1.A - Prob. 7SPACh. 1.A - Prob. 8SPACh. 1.A - Prob. 9SPACh. 1.A - Prob. 10SPACh. 1.A - Prob. 11SPACh. 1.A - Prob. 12APACh. 1.A - Prob. 13APACh. 1.A - Prob. 14APACh. 1.A - Prob. 15APACh. 1.A - Prob. 16APACh. 1.A - Prob. 17APACh. 1.A - Prob. 18APACh. 1.A - Prob. 19APACh. 1.A - Prob. 20APACh. 1.A - Prob. 21APACh. 1.A - Prob. 22APACh. 1.A - Prob. 23APACh. 1 - Prob. 1SPACh. 1 - Prob. 2SPACh. 1 - Prob. 3SPACh. 1 - Prob. 4SPACh. 1 - Prob. 5SPACh. 1 - Prob. 6SPACh. 1 - Prob. 7APACh. 1 - Prob. 8APACh. 1 - Prob. 9APACh. 1 - Prob. 10APACh. 1 - Prob. 11APACh. 1 - Prob. 12APACh. 1 - Prob. 13APA
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