Given the data in Table 1A.4.2,holding income constant,the graph relating the price of strawberries,measured on the y-axis and the purchases of strawberries,measured on the x-axis
A)is a vertical line.
B)is a horizontal line.
C)is a positively sloped line.
D)is a negatively sloped line.
E)reaches a minimum.

Question

Quizplus · Accepted Answer

Holding income constant, the Law of Demand implies that as the price of strawberries increases, the quantity demanded of strawberries will decrease. Therefore, the graph relating the price of strawberries (y-axis) to the purchases of strawberries (x-axis) will be a negatively sloped line.

Given the Data in Table 1A