Purchase Solution

# construct graphs using three related variables

Not what you're looking for?

I need to construct graphs using three related variables:

1. Snowfall (inches)
2. the number of mittens sold per day.
3. Price of each pair of mittens.

Each graph needs show the relationship between two of the variables while holding one constant. I know how to construct the graph and plug in the figures, but I'm having difficulty determining the slope of each graph.

##### Solution Summary

Provides a graph and discusses the relationships between the variables provided.

##### Solution Preview

See attached excel file. I generated some hypothetical data.

1) In this case we say the data Snow Fall and Quantity of mittens sold is positively related. As Snow Fall incraeses so do Mitten sales. We say Quantity and Price are negatively related. In ...

##### Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

##### Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

##### Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

##### Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

##### Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.