Asked by
alekya reddy
on Dec 17, 2024
Verified
The slope of an upward-sloping line is positive, and the slope of a downward-sloping line is negative.
Upward-sloping
A term often used in economics to describe a line on a graph that shows an increase in a variable as another variable increases, such as supply or demand curves in relation to price.
Downward-sloping
A downward-sloping curve illustrates a negative relationship between two variables, commonly seen in demand curves where price and quantity demanded are inversely related.
- Familiarize oneself with the idea of slope and learn about the approaches to calculate it in varying circumstances.
Verified Answer
KS
Learning Objectives
- Familiarize oneself with the idea of slope and learn about the approaches to calculate it in varying circumstances.