Which of the Following Is an Example of a Relationship

question 32

Multiple Choice

Which of the following is an example of a relationship with a negative slope?

• A)​spending increases as incomes rise
• B)​more items purchased when prices drop
• C)​more items sold when quality improves
• D)​less items purchased when quality decreases

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Definitions:

Trade

The action of buying, selling, or exchanging goods and services between people or countries.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption (output).

Commodity Money

Money that has intrinsic value and can be used for purposes other than as a medium of exchange, such as gold or silver.

Coins

Pieces of metal, authorized by a government as money, stamped with designs and denominations.