What Kind of Relationship Exists Between the Price of Gas

question 60

Multiple Choice

What kind of relationship exists between the price of gas and the quantity demanded for gas if the quantity demanded for gas falls when the price of gas increases?

• A) Direct
• B) Inverse
• C) Normal
• D) Perverse

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Definitions:

Communication

The act of conveying information or expressing ideas and feelings through speech, writing, behavior, or signs.

Interaction

The reciprocal action or influence between two or more entities, typically resulting in a response or change in all involved parties.

Rational Emotive Behavioral

A comprehensive, active-directive, philosophically and empirically based psychotherapy which focuses on resolving emotional and behavioral problems and disturbances.

Irrational

Lacking in reason or logic; thoughts, beliefs, or actions that do not align with rational judgment.