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Intro to Microeconomics Ch. 2 Appendix
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Terms in this set (11)
graphs
pictures of points in a coordinate system in which points denote relationships between numbers
coordinate system
two-dimensional space in which one point represents two numbers
interpolation assumption
assumption that the relationship between variables is the same between points as it is at the points
linear curve
curve that is drawn as a straight line
inverse relationship
relationship between two variables in which when one goes up, the other goes down
nonlinear curve
curve that is drawn as a curved line
direct relationship
relationship in which when one variable goes up, the other goes up too
slope
change in the value on the vertical axis divided by the change in the value on the horizontal axis; "rise over run"
line graph
graph where the data are connected by a continuous line
bar graph
graph where the area under each point is filled in to look like a bar
pie chart
circle divided into "pie pieces," where the undivided pie represents the total amount and the pie pieces reflect the percentage of the whole pie that the various components make up
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