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Understanding the Answer
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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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