Which of the Following Is NOT True of a Demand

question 167

Multiple Choice

Which of the following is NOT true of a demand curve?

• A) It has a negative slope.
• B) It shows the amount consumers are willing and able to purchase at various prices,holding other factors constant.
• C) It relates the price of an item to the quantity demanded of that item.
• D) It relates the price of an item to the supply for that item.
• E) It shows that consumers tend to purchase less of a good as its price rises.

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Definitions:

Population Locations

Refers to the geographical or spatial distribution of members within a defined population.

Kruskal-Wallis

A non-parametric test used to compare three or more independent samples to determine if they come from the same distribution.

Chi-Squared Distribution

A statistical distribution that is used to describe the distribution of a sum of the squares of k independent standard normal random variables.

Degrees of Freedom

In statistical analysis, the number of independent values or quantities that can vary in the calculation of a statistic, used in assessing the significance of the statistic.