Exhibit 2A-2 -The Slope of an Inverse Relationship

question 34

Multiple Choice

Exhibit 2A-2
-The slope of an inverse relationship

• A)must be positive.
• B)is calculated by dividing the variable on the horizontal axis by the variable on the vertical axis.
• C)must be negative.
• D)can never be measured.
• E)must be constant everywhere along the curve.

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Definitions:

Utility Functions

Mathematical expressions used in economics to represent a consumer's preference ranking for various bundles of goods.

Consumption

The utilization of goods and services by households or individuals to satisfy their needs and wants.

Grain

The small, hard seeds of cereal plants like wheat, rice, and corn, used as a primary source of food for humans and animals.

Rats

Small mammals known for their sharp teeth, keen sense of smell, and often considered pests in many societies, but also used extensively in scientific research.