People Generally Purchase Less of a Commodity as Its Price

question 153

Multiple Choice

People generally purchase less of a commodity as its price increases.This implies that the relationship between quantity purchased and the price of the commodity must have a

• A)slope always equal to one.
• B)positive slope.
• C)zero slope.
• D)negative slope.

---

Definitions:

Attention

The mental focus or concentration on a specific object, task, or activity, often involving cognitive processing.

Recognition

The identification of something as having been previously seen, heard, known, or the acknowledgment of something's existence, validity, or legality.

Communication Technique

A method or approach used to convey messages or information effectively between individuals or groups.

Discussing

The act of talking about something with another person or a group of people to exchange ideas or opinions.