Suppose we observe that consumption of electricity decreases when the price of electricity rises.We can say that the two variables are related
A)positively.
B)linearly.
C)negatively.
D)non-linearly.
E)exogenously.

Question

Quizplus · Accepted Answer

When consumption of electricity decreases as the price of electricity rises, we can say that the two variables are negatively related, or have a negative correlation. This means that as one variable increases, the other decreases, indicating an inverse relationship.

Suppose We Observe That Consumption of Electricity Decreases When the Price