Other Factors Held Constant, a Decrease in Resource Prices Will

question 68

Multiple Choice

Other factors held constant, a decrease in resource prices will shift the aggregate:

• A) demand curve leftward.
• B) demand curve rightward.
• C) supply curve leftward.
• D) supply curve rightward.

---

Definitions:

Direct Correlation

A relationship where an increase in one variable is associated with an increase in another, indicating a positive linear relationship.

Scatterplot

A graphical representation using dots to show the relationship between two quantitative variables.

Variables

Elements or characteristics within a study or research that can change and potentially impact the study's results.

Negative Correlation

A relationship between two variables whereby they move in opposite directions.