$$\begin{array} { | l | l | }
\hline \text { Quantity } & \text { Price } \
\hline & 50 \
\hline & 40 \
\hline 16 & 30 \
\hline 24 & 20 \
\hline 32 & 10 \
\hline 36 & 5 \
\hline
\end{array}$$
-Using the data in the above table,
A) an increase in price is likely to cause an increase in quantity.
B) the variables quantity and price are neither positively nor negatively related.
C) the variables quantity and price are negatively related.
D) the variables quantity and price are positively related.

Question

$$\begin{array} { | l | l | } 
\hline \text { Quantity } & \text { Price } \
\hline & 50 \
\hline & 40 \
\hline 16 & 30 \
\hline 24 & 20 \
\hline 32 & 10 \
\hline 36 & 5 \
\hline
\end{array}$$
-Using the data in the above table,
A) an increase in price is likely to cause an increase in quantity.
B) the variables quantity and price are neither positively nor negatively related.
C) the variables quantity and price are negatively related.
D) the variables quantity and price are positively related.

Quizplus · Accepted Answer

The table shows that as the price decreases, the quantity increases, indicating a negative relationship between quantity and price.

-Using the Data in the Above Table, A) an Increase

-Using the Data in the Above Table,
A) an Increase