Use the table below to answer the following questions.
Table 1A.4.2
-Table 1A.4.2 shows that
A)the number of boxes of strawberries purchased is negatively related to the price of strawberries,holding income constant.
B)the number of boxes of strawberries purchased is negatively related to income,holding the price of strawberries constant.
C)the price of strawberries is negatively related to family income,holding purchases of strawberries constant.
D)there is no relationship between the price of strawberries and the number of boxes purchased.
E)there is no relationship between family income and the number of boxes of strawberries purchased.

Question

Use the table below to answer the following questions.
Table 1A.4.2 
-Table 1A.4.2 shows that
A)the number of boxes of strawberries purchased is negatively related to the price of strawberries,holding income constant. 
B)the number of boxes of strawberries purchased is negatively related to income,holding the price of strawberries constant. 
C)the price of strawberries is negatively related to family income,holding purchases of strawberries constant. 
D)there is no relationship between the price of strawberries and the number of boxes purchased. 
E)there is no relationship between family income and the number of boxes of strawberries purchased.

Quizplus · Accepted Answer

The correct choice indicates that as the price of strawberries decreases, the number of boxes purchased increases, assuming income remains constant. This is a typical example of the law of demand, which states that there is an inverse relationship between the price of a good and the quantity demanded, all else being equal.

Use the Table Below to Answer the Following Questions