Author Question: The negative slope of the demand curve reflects the: a. positive relationship between price and ... (Read 64 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
The negative slope of the demand curve reflects the:
 a. positive relationship between price and quantity.
  b. proportional relationship between price and quantity.
  c. inverse relationship between price and quantity.
  d. positive relationship between income and quantity.
  e. inverse relationship between income and price.

Question 2

The demand schedule for a good shows:
 a. the specific quantity of the good that people are willing and able to sell at different prices.
  b. the positive relationship between the price and the quantity of the good.
  c. no relationship between the price and the quantity of the good.
  d. the specific quantity of the good that people are willing and able to buy at different prices.
  e. the quantity of the good that is sold in the market.



parshano

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library