7. Dependent & independent variables; positive & inverse relationships: Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following table indicates the relationship between income the survey subjects earned and the price of the car that they purchased. Price Income (Thousands of dollars per car) (Thousands of dollars per year) 0. 10 20 15 40 20 60 25 80 30 100 In the diagram below, draw the graph corresponding to the above table.
7. Dependent & independent variables; positive & inverse relationships: Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following table indicates the relationship between income the survey subjects earned and the price of the car that they purchased. Price Income (Thousands of dollars per car) (Thousands of dollars per year) 0. 10 20 15 40 20 60 25 80 30 100 In the diagram below, draw the graph corresponding to the above table.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphs To Economics
Problem 2SQP
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