"As the price of gasoline increases, fewer people buy cars that are gas guzzlers." A graph showing this relationship would have

A) a negative slope.
B) a positive relationship.
C) a direct relationship.
D) a horizontal line.

A

Economics

You might also like to view...

Which of the following might cause the real value of money to rise in an economy?

a) The government prints $1 million in new bills to finance its spending. b) The average price of food items rise by 20%. c) The price of houses and apartment rentals falls by 30%. d) Other countries in the world demand less of this money.

Economics

The effects of the negative supply shocks of 1973, 1979 and 2007 were different due to the ________

A) role played by rational expectations in the 1979 event B) different sources of the supply shocks C) credibility of the monetary authorities D) different individuals who led the Federal Reserve System

Economics