functions are often described as cause and effect in economics. in an economics function, if the variable is…
functions are often described as cause and effect in economics. in an economics function, if the variable is on the right - hand side and is doing the explaining, it represents a______? select one: a. result b. relation c. effect d. cause
Answer
Brief Explanations:
In an economic function, the variable on the right - hand side that does the explaining is the independent variable which represents the cause. The left - hand side variable is the dependent variable representing the effect.
Answer:
d. cause