This unit is split up into three section, first this introduction, and then two more sections. After reviewing this unit, you will be able to:
Most relationships in economics are, unfortunately, not linear. Each unit change in the x variable will not always bring about the same change in the y variable. The graph of this relationship will be a curve instead of a straight line.
|This graph below shows a linear relationship between x and y.||This graph below shows a nonlinear relationship between x and y.|
In the remainder of this unit you will learn how to determine the slope of a nonlinear relationship and about maximum and minimum points on a curve. To continue on, press the next section button below.
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