If the quantity of wood purchased decreases when the price of wood rises, a graph representing these variables would have
A) the slope on the vertical axis.
B) a negative slope.
C) a positive slope.
D) time on the vertical axis.

Question

Quizplus · Accepted Answer

This is an inverse relationship. As the price of wood increases, people will naturally purchase less of it. This creates a negative slope on the graph.

If the Quantity of Wood Purchased Decreases When the Price