To Show How a Variable ________, We Typically Use a ________

question 81

Multiple Choice

To show how a variable ________, we typically use a ________.

• A) changes over time; cross-time chart
• B) relates to another variable; time-series graph
• C) changes over time; cross-section graph
• D) relates to another variable; pie chart
• E) changes over time; time-series graph

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Definitions:

Price

The financial expenditure expected, essential, or relinquished in payment for something.

Indirect Utility Function

A concept in economics that represents the maximum utility a consumer can achieve with a given income and set prices for goods and services.

Income

Cash inflow, customarily obtained at regular periods, as compensation for work or from investment outcomes.

Constraint

A limitation or restriction on the variables of a problem, often seen in economics as budget constraints affecting consumer choices.