Why do economists love graphs?

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asked Apr 25, 2022 192k views

2 Answers

Planben · Answer 1 · 2022-04-27T14:08:17+0000

Graphs in economics can show the relationship between two variables. For example, a classic economic graph would be the cost of a product on one axis and the amount purchased on the other axis. ... This graph could help a company determine how much of a good to produce and where to price their product for maximum profit.

Lukebuehler · Answer 2 · 2022-04-30T02:40:48+0000

Answer:

Graphs show the relationship between 2 variables. A graph is used to condense numeral information making patterns clearer. Using graphs makes data readable for economists.

Why do economists love graphs?

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