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Author Question: As the price of home heating oil rises, families buy less home heating oil. Hence a scatter diagram ... (Read 128 times)

WhattoUnderstand

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on: Jun 30, 2018
As the price of home heating oil rises, families buy less home heating oil. Hence a scatter diagram with the price of home heating oil on the vertical axis and the quantity purchased on the horizontal axis reveals a ________ relationshi
 
  A) time-series
  B) linear
  C) negative
  D) positive
  E) cross-sectional

Question 2

When disposable income increases, consumption expenditure
 
  A) also increases, but by less.
  B) also increases, and by an equal amount.
  C) decreases by the same amount.
  D) does not change.
  E) also increases, and by more.


Carissamariew

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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