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25 November, 04:35

Briefly explain the use of graphs as a way to represent economic relationships

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  1. 25 November, 08:15
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    Graphs are used to represent economic relationships.

    Because in economics mostly we deal with numbers, prices and values, rise and down etc., for this graphs are best to use or to show the visual relationship between the values or the data. For example, if we buy an apples, it can be shown on the graph to show the relationship as number of apples purchased to the price of apples.
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