# [Answer] The graph shows the market for graphic T-shirts.What does the graph show about the relationship between a product and its price?

###### Answer: As the amount of a product goes up the price goes up.As the amount of a product goes down the price goes up.As the interest in a product goes up the price goes up.As the interest in a product goes down the price goes up.
The graph shows the market for graphic T-shirts.What does the graph show about the relationship between a product and its price?

The supply and demand model describes how prices vary as a result of a balance between product availability and demand. The graph depicts an increase (that is right-shift) in demand from D 1 to D 2 along with the consequent increase in price and quantity required to reach a new equilibrium point on the supply curve (S).

Production–possibility frontier – Wikipedia

Economic graph – Wikipedia

Economic graph – Wikipedia

Cost curve – Wikipedia

The slope of the production–possibility frontier (PPF) at any given point is called the marginal rate of transformation (MRT).The slope defines the rate at which production of one good can be redirected (by reallocation of productive resources) into production of the other. It is also called the (marginal) “opportunity cost” of a commodity that is it is the opportunity cost of X in terms …

The Phillips curve is a single-equation economic model named after William Phillips describing an inverse relationship between rates of unemployment and corresponding rates of rises in wages that result within an economy. Stated simply decreased unemployment (i.e. increased levels of employment) in an economy will correlate with higher rates of wage rises.

Benford’s law also called the Newcomb–Benford law the law of anomalous numbers or the first-digit law is an observation about the frequency distribution of leading digits in many real-life sets of numerical data.The law states that in many naturally occurring collections of numbers the leading digit is likely to be small. In sets that obey the law the number 1 appears as the leading …

In economics a cost curve is a graph of the costs of…