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.
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