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Economic Behaviour (Routledge Revivals) by Colin Harbury

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AppendixThe Use of Graphs inEconomics

Graphs are used in economics to portray the association between observed variables in the real world and also between hypothetical ones used in the construction of economic models.

How to Draw a Graph

A graph represents relationships pictorially. It is drawn on squared paper, on which two vertical lines are drawn, known as axes, which intersect at a point called the origin. Each axis is divided by a scale into units. Along these quantities of a variable are measured.

Figure A.1 is a graph which has been prepared to show the relationship between the price of ice creams and the numbers that are offered

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