📚 Learning Guide
Effective Graphing Techniques
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Arrange the following steps in the correct order for creating an effective economic graph: A) Label the axes clearly, B) Draw the appropriate curves or lines, C) Use arrows to indicate shifts, D) Identify key points such as equilibrium price and quantity.

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Learning Path
Learning Path

Question & Answer
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Choose the Best Answer

A

A → B → C → D

B

A → C → B → D

C

B → A → D → C

D

C → D → A → B

Understanding the Answer

Let's break down why this is correct

Answer

To create an effective economic graph, you should start by labeling the axes clearly. This helps anyone looking at the graph understand what each axis represents, such as price and quantity. Next, you would draw the appropriate curves or lines to show the relationships between the variables, like supply and demand. After that, it's important to identify key points, such as the equilibrium price and quantity, which show where the supply and demand meet. Finally, you can use arrows to indicate any shifts in the curves, which shows how changes in the market affect the graph.

Detailed Explanation

First, you need to label the axes so people know what the graph shows. Other options are incorrect because This order suggests using arrows before drawing the lines; This option starts with drawing lines before labeling the axes.

Key Concepts

Effective Graphing Techniques
Economic Relationships
Market Equilibrium
Topic

Effective Graphing Techniques

Difficulty

medium level question

Cognitive Level

understand

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