Slope of a curve

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pratikseet...@rvce.edu.in

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Sep 15, 2021, 11:01:11 AM9/15/21

to noc21-mg9...@nptel.iitm.ac.in

Hi,

I have a question about what is happening in this video at 00:03:13 -

http://www.youtube.com/watch?v=lGIgbNP2-yA#t=193s.

Slope is steeper means small change in independent variable must cause higher degree of change in the dependent variable right??.

Thanks!

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NOC21 MG90

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Oct 5, 2021, 2:26:23 PM10/5/21

to Discussion forum for Managerial Economics, pratikseet...@rvce.edu.in

Dear Learner,

Yes, rightly said. Slope measures the rate of change in the dependent variable as the independent variable changes. The steeper the cure more is the rate of change.

PRATIK SEETHARAM

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Oct 5, 2021, 2:34:21 PM10/5/21

to NOC21 MG90, Discussion forum for Managerial Economics

Thank you for the clarification.

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