If the Coefficient of Correlation Is -0

question 70

Multiple Choice

If the coefficient of correlation is -0.4, then the slope of the regression line

• A)must also be -0.4
• B)can be either negative or positive
• C)must be negative
• D)must be 0.16

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Definitions:

Linear Supply

A supply relationship showing a direct, constant increase in quantity supplied as price increases.

Free Market Equilibrium

A state in an economy where supply meets demand naturally without intervention, and prices are determined by free market forces.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market.

Consumers Gain

The benefit or surplus that consumers receive from purchasing goods and services at a price lower than their maximum willingness to pay.