Asked by Nomzamo Lubisi on Apr 29, 2024
Verified
If price (P) and quantity (Q) are directly related,this means that:
A) a change in Q will alter P,but a change in P will not alter Q.
B) if P increases,Q will decrease.
C) if P increases,Q will also increase.
D) an increase in P will cause Q to change,but the direction in which Q changes cannot be predicted.
Price
The price anticipated, required, or paid in exchange for a particular item.
Quantity
The amount or number of a material or product available or produced.
- Comprehend the concept of direct and inverse relationships between two variables.
Verified Answer
DJ
Denise JonesApr 30, 2024
Final Answer :
C
Explanation :
If price and quantity are directly related, this means that as price increases, quantity also increases. This is shown by a positive slope on a graph of the relationship between price and quantity. Therefore, choice C is correct.
Learning Objectives
- Comprehend the concept of direct and inverse relationships between two variables.
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