TABLE 1-5

-Refer to Table 1-5. What does this table demonstrate about price and quantity at each combination?
A) They are uncorrelated.
B) They are inversely related.
C) They have no effect on each other.
D) They are positively related.

Question

TABLE 1-5
 
-Refer to Table 1-5. What does this table demonstrate about price and quantity at each combination?
A) They are uncorrelated. 
B) They are inversely related. 
C) They have no effect on each other. 
D) They are positively related.

Quizplus · Accepted Answer

The table likely shows that as the price increases, the quantity demanded decreases, or vice versa, indicating an inverse relationship between price and quantity.

TABLE 1-5 -Refer to Table 1-5. What Does This Table Demonstrate About