If There Is a Positive Relationship Between Two Variables

question 150

Multiple Choice

If there is a positive relationship between two variables,

• A)the slope of the line graphing the relationship will be negative.
• B)the graph of the relationship will be downward sloping.
• C)the graph of the relationship will be upward sloping.
• D)Both answers A and C are correct.
• E)Both answers B and C are correct.

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Definitions:

Consumer Surplus

The variation between the sum consumers are willing to allocate for a good or service and the sum they actually allocate.

Surplus II

An additional amount of a resource, product, or service that exceeds the amount demanded or utilized.

Consumer Surplus

The discrepancy between what consumers are willing to spend on a good or service and their actual expenditures.

Surplus II

An excess of supply over demand in the market, leading to excess goods and potential lower prices.