Use the Figure Below to Answer the Following Question

question 101

Multiple Choice

Use the figure below to answer the following question.
Figure 1A.3.11
-Refer to Figure 1A.3.11.The graph shows a _ _ relationship.The absolute value of the slope of the relationship as the value of x increases.

• A)negative; decreases
• B)negative; does not change
• C)negative; increases
• D)positive; increases
• E)positive; decreases

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Definitions:

Law of Demand

A principle stating that as the price of a product decreases, the quantity demanded increases, and vice versa, all else being equal.

Education Provided

The act or process of imparting or acquiring knowledge, skills, or values through various methods such as schooling, training, or research.

School-age Population

The group within a population that falls within the mandatory schooling age range, typically considered as children and adolescents.

Price Floor

A legally established minimum price for a good, or service. Normally set at a price above the equilibrium price.