1A.4 The following table shows the relationship between the price of airline tickets from London to New

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1A.4 The following table shows the relationship between the price of airline tickets from London to New York and the number of passengers.

a. Is the relationship between the price of airline tickets from London to Los Angeles and the number of passengers a positive relationship or a negative relationship?

Explain.

b. Plot the data from the table on a graph, draw a line through the points, and calculate the slope of the line.

Price of air tickets number of passengers

(million) month

$300 120 June

$500 200 July

$800 320 august

$600 240 September

$450 180 October

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Principles Of Microeconomics

ISBN: 9789813107342

12th Global Edition

Authors: Karl E. Case, Sharon E. Oster, Ray C. Fair

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Question Posted: Nov 11, 2024 07:06 AM

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1A.4 The following table shows the relationship between the price of airline tickets from London to New

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Principles Of Microeconomics

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