A Downward-Sloping Demand Curve Shows

question 10

Multiple Choice

A downward-sloping demand curve shows:

• A)the direct relationship between price and quantity supplied; as price increases, the quantity supplied increases.
• B)the inverse relationship between price and quantity supplied; as price increases, the quantity supplied decreases.
• C)the direct relationship between price and quantity demanded; as price increases, the quantity demanded increases.
• D)the inverse relationship between price and quantity demanded; as price increases, the quantity demanded decreases.
• E)how supply varies with demand.

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Definitions:

STDEV.S(data range)

A statistical function in spreadsheet programs used to calculate the standard deviation for a sample set of data, indicating data variability.

Measures of Central Tendency

Statistical indicators that describe the center point or typical value of a dataset, including the mean, median, and mode.

Standard Deviation

A gauge for the degree of spread or variability among figures in a collection.

Mean

A statistical measure representing the average value of a set of numbers.