In the demand schedule for apples, There is a _________ relationship between the price of apples and the _________ of (for) apples.
Select one:
a. Positive; demand
b. Positive; quantity demanded
c. Inverse; quantity demanded
d. Inverse; supply
Homework Answers
Answer : The answer is option c.
Based on given demand schedule when price rises then the quantity demanded decreases. This means that there exists a negative relationship between price and quantity demanded for apples. Therefore, option c is correct.
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