Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 1 - Appendix - Appendix Problems - Page 27: 1

Answer

(a) direct (b) inverse (c) direct

Work Step by Step

(a) As rainfall increases, more people will buy umbrellas (b) As tuition increases, less people will enroll in a university because they won’t all want to pay that much (c) As popularity increases, an entertainer can sell her tickets for more because people are more willing to pay for somebody who is widely known
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