When the Price of an Hour of Tutoring Increases

question 38

Multiple Choice

When the price of an hour of tutoring increases,

• A) the demand for tutoring decreases.
• B) the demand for tutoring increases.
• C) the demand curve for tutoring shifts.
• D) the quantity demanded for tutoring increases.
• E) the quantity demanded for tutoring decreases.

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Definitions:

Diversification Benefits

The advantages gained by investing in a variety of assets to reduce risk in a portfolio.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Minimum-Variance Portfolio

An investment portfolio designed to achieve the lowest possible risk level for its expected rate of return.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, commonly used to quantify the risk of a financial instrument.