-Refer to the Above Graph to Answer This Question

question 11

Multiple Choice

-Refer to the above graph to answer this question.If this were an unregulated market,what would be the equilibrium values of price and quantity?

• A)$80 and 40.
• B)$100 and 30.
• C)$100 and 80.
• D)$120 and 70.
• E)$120 and 80.

---

Definitions:

Negative Correlation

A relationship between two variables where one variable increases as the other decreases.

Variable Increases

A situation in which the value of a variable becomes larger.

Relative Frequencies

The ratio of the number of times a particular value occurs to the total number of observations, used in statistical analysis.

Third Quartile

A statistical term describing the value below which 75% of the data in a data set falls.