If Two Variables Are Inversely Related, Then as the Value

question 248

Multiple Choice

If two variables are inversely related, then as the value of one variable

• A) increases, the value of the other may either increase or decrease.
• B) decreases, the value of the other decreases.
• C) increases, the value of the other decreases.
• D) increases, the value of the other increases.

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Definitions:

Indifference Curve

A graphical representation in microeconomic theory of the combinations of two goods among which a consumer is indifferent.

Midterm Grade

An evaluative score or letter assigned to a student, reflecting their performance halfway through an academic term.

Horizontal Axis

In a graph or chart, the x-axis, representing the independent variable or the basis of comparison across the chart.

Indifference Curves

A graphical representation showing different combinations of two goods among which a consumer is indifferent.