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What is the difference between horizontal curve and vertical curve vertical curve?

Horizontal curve is a curve viewed in the x and y plane, while a vertical curve is viewed in the y plane only, or viewed from the side. Think of it like a cake. the top is the horizontal and the front is the vertical


Why is the demand curve for a good very unlikely to be perfectly vertical?

the demand curve for a good is very unlikely to be perfectly vertical because


Why is money supply curve vertical?

The money supply curve is assumed to be vertical by many textbooks based on the belief that the supply of money is unaffected by the changes in interest rates.


What are the differences between the Income Consumption Curve and the Engel's Curve?

Both curves plot the relationship between X, in this case a good, and something when income varies. However there's different variables on the vertical axis. The ICC has a composite good on the vertical axis while the Engel curve has income on the vertical axis.


A demand curve which is parallel to the vertical axis is?

When the demand curve is horizontal to the x axis, it is said to be elastic and therefore more responsive to changes in price. When the demand curve is vertical, it is more inelastic and consumers will be more apt to purchase a good regardless of the price.


What happens to the income multiplier if the aggregate supply curve is vertical?

the multiplier is zero.


What does the demand curve state?

As price (on the horizontal) increases, demand (on the vertical) will decrease.


Pictures of different kinds of lines?

zigzag lines, vertical lines, horizontal lines, right curve, over curve,left curve, under curve, scallop lines, left slanting lines, right slanting lines


What is vertical panel saw?

Vertical band sawing machine with vertical sawing small vertical sawing machine with relatively small, width 6mm, 8mm sawing aluminum, wood, rubber, can be used for curve sawing.


What is an isopreference curve?

they are used to determine the level of detail represented by the image. if the image has low level of detail, the curve will be more curved. If the image has high level of detail, the curve tends to be vertical.


Why aggregate supply curve is vertical?

Aggregate supply curve in the long run is vertical. This is because in the long run, wages and other input prices rise and fall to coordinate with the price level. Therefore, price level will not affect how much is supplied.


In the long run Phillips curve will be vertical at the what natural rate of unemployment?

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