The figure above shows the price of a DVD player from 1996 to 2000. a. What type of graph is illustrated above? b. What is the trend in the price of a DVD player?

What will be an ideal response?


a. The graph is a time-series graph because it plots time along the horizontal axis and the price of a DVD player along the vertical axis.
b. The trend in the price of a DVD player is negative, that is, the price of a DVD player has generally decreased from one year to the next.

Economics

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What will be an ideal response?

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Fill in the blank(s) with the appropriate word(s).

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Indicate whether the statement is true or false

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Economics