Suppose when the price of hybrid automobiles rises,consumers buy fewer hybrid automobiles.This implies that
A) there is a positive relationship between hybrid automobile prices and quantities purchased by consumers.
B) there is a negative relationship between hybrid automobile prices and quantities purchased by consumers.
C) there is a direct relationship between hybrid automobile prices and quantities purchased by consumers.
D) there is a one-to-one relationship between hybrid automobile prices and quantities purchased by consumers.
Correct Answer:
Verified
Q207: An "omitted variable" is
A)a variable which is
Q208: If a straight line passes through the
Q209: If a straight line passes through the
Q210: You explain to your friend Haslina,who runs
Q211: The number of people who have gray
Q213: Figure 1-2 Q214: The relationship between sales and revenue is![]()
A)an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents