If Two Variables Are Unrelated,their Graph Is

question 101

Multiple Choice

If two variables are unrelated,their graph is

• A) either a horizontal or a vertical line.
• B) a downward-sloping line.
• C) an upward-sloping line.
• D) a curved line.
• E) None of the above answers is correct because it is not possible to graph unrelated variables.

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Definitions:

Input Demand

Refers to the demand for production inputs (like labor and raw materials), driven by the demand for the outputs those inputs produce.

Competitive Price

A pricing strategy where the price is set based on what competitors are charging for similar products or services.

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Unionized Plumbers

Plumbers who are members of a labor union, which negotiates wage rates and working conditions on their behalf.