If Variables Change in the Opposite Direction, What Type of Correlation

question 72

Multiple Choice

If variables change in the opposite direction, what type of correlation is this called?

• A)positive correlation
• B)negative correlation
• C)positive causation
• D)negative causation

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Definitions:

Buyer Surplus

The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).

Seller Surplus

The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).

Individual's Value

The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.

Willing

Displaying a readiness or preference towards a particular action or decision.