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)B and C.
E)A and B.

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)B and C. 
E)A and B.

Quizplus · Accepted Answer

The law of demand states that, all else being equal, as the price of a good decreases, the quantity demanded increases, and vice versa. Therefore, the number of boxes of strawberries purchased is negatively related to the price of strawberries, holding income constant.

Use the Table Below to Answer the Following Questions