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Chapter 1A
Graphs and Their Meaning
8
Economics
Undergraduate 1
10/07/2017

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Cards

Term
Graph
Definition
A visual representation of the relationship between two variables
Term
Horizontal Axis
Definition
The first number in a pair of coordinates
Term
Vertical Axis
Definition
The second number in a pair of coordinates
Term
Independent variable
Definition
The variable that changes
Term
Dependent Variable
Definition
Variable changed from independent variable
Term
Ceteris Paribus
Definition
to hold other things equal
Term
Direct Relationship
Definition
Both Variable move in the same direction
Term
Inverse Relationship
Definition
Variables move in opposite directions
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