1. Reading and Understanding Graphs

How can being able to read graphs help you in analyzing economic data?

Suppose a graph shows a positive correlation between ice cream sales and the number of drowning incidents over several months. What is the best conclusion that can be drawn from this graph?

Based on a graph showing a positive correlation between ice cream sales and drowning incidents, which of the following conclusions is best supported by the information in the graph?

When interpreting a graph in microeconomics, where can you typically find information about what the graph represents?