Which of the following pairs is the most likely to exhibit an inverse relationship?
A) The amount of time you study and your grade point average.
B) People's annual income and their expenditure on personal computers.
C) Baseball players' salaries and their batting averages.
D) The price of a concert and the number of tickets people purchase.

Question

Quizplus · Accepted Answer

The price of a concert and the number of tickets people purchase is the most likely pair to exhibit an inverse relationship. Generally, as the price of a concert increases, fewer people are willing or able to purchase tickets, leading to a decrease in the number of tickets sold. This is a classic example of the law of demand in economics.

Which of the Following Pairs Is the Most Likely to Exhibit