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Assignment BEco

This document contains a student's ID number and 6 charts of x and y values. It then calculates the slopes between points in each chart. It also contains 3 paragraphs with equations relating price (P) to quantity (q) or demand (D), relating tax (P) to income (I), and relating mortgage interest rate (r) to loan amount (I). It concludes with 6 figures explaining the signs of slopes based on the shapes of curves and relationships between variables.

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mominansari
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210 views

Assignment BEco

This document contains a student's ID number and 6 charts of x and y values. It then calculates the slopes between points in each chart. It also contains 3 paragraphs with equations relating price (P) to quantity (q) or demand (D), relating tax (P) to income (I), and relating mortgage interest rate (r) to loan amount (I). It concludes with 6 figures explaining the signs of slopes based on the shapes of curves and relationships between variables.

Uploaded by

mominansari
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 3

Name Tabish Jawaid Student ID 12946

Chart 1 Chart 2 Chart 3 Chart 4 Chart 5 Chart 6


X Y X Y X Y X Y X Y X Y
1 5 1 25 0 0 0 40 0 0 0.1 100
2 10 2 20 10 10 10 30 10 10 0.2 75
3 15 3 15 20 20 20 20 20 20 0.3 50
4 20 4 10 30 30 30 10 30 10 0.4 25
5 25 5 5 40 40 40 0 40 0 0.5 0

Slope Chart 1 Slope Chart 2 Slope Chart 3 Slope Chart 4 Slope Chart 5 Slope Chart 6

Independent
X2-X1 10-5 X2-X1 20-25 X2-X1 10-0 X2-X1 30-40 X2-X1 10-0 X2-X1 0.2-0.1
Dependent Y2-Y1 2-1 Y2-Y1 2-1 Y2-Y1 10-0 Y2-Y1 10-0 Y2-Y1 10-0 Y2-Y1 75-100

Slope 0.2 Slope -0.2 Slope 1 Slope -1 Slope (1,-1) Slope -0.004

a) P=10-2qD

qD P
1 8
2 6
3 4
4 2
5 0
Slope is -2

b) P=100-4qD

qD P
1 96
2 92
3 88
4 84
5 80
Slope is -4

c) P=50+6qS

qS P
1 56
2 62
3 68
4 74
5 80
Slope is 6

d) r=(10000-I)/500

I r
0 20
500 19
1000 18
1500 17
2000 16
Slope is -0.002

AXIOM
Sign of the slope is irrespective of where the independent & dependent
variables are placed so the direction of slope will primarily depend on the
shape of the curve.
FIGURE 1(a)
As the price of apple is reducing the quantity consumed is increasing & so the
relationship is negative, consiquently making the slope negative.
FIGURE 1(b)
As the income increases tax paid also increases but a decreasing rate
causing the rate to be positive.

FIGURE 1(c)
As the interest charged on mortgage decreases it will stimulate greater
demand for mortgage loans at an increasing rate presenting inverse
relationship, consiquently the slope is negative.

FIGURE 1(d)
As the age increases the fastest time improves leavins slope to become
negative however as the age exceeds a certain level the fastest time
increases making the slope positive.
FIGURE 1(e)
As the days of sunshine increases the yield per acre also increases making
the relationship positive.

FIGURE 1(f)
The left half of the parabola has positive slope & increasing rate whereas the
right half of the parabola has negative slope & increasing at an increasing
rate & the slope is infinity at the peak.

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