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What is a negative relationship between the quantity demanded and price called?
Propensity to consume
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
What is the relationship between price elasticity of demand and the monopolist's revenue?
marginal revenue is negative where demand is inelastic
What is the relationship between a normal good and its elasticity?
The relationship between a normal good and its elasticity is that the elasticity of demand for a normal good is typically negative. This means that as the price of the good increases, the quantity demanded decreases, and vice versa. The elasticity of demand measures how responsive consumers are to changes in price.
What is the subject in this sentence - According to the law of demand a negative relationship exists between the price of a good and the quantity demanded?
The grammatical subject is "relationship.""According to the law of demand" is a sentence modifier and should have a comma after it.The main verb is "exists," and its grammatical subject is "relationship." "Negative" is an adjective that modifies "relationship."The rest of the sentence, from "between" to the end, is a prepositional phrase with two objects--"price" and "quantity"--and several modifiers. The whole prepositional phrase is adverbial and modifies "exists."
What is a negative relationship between the quantity demanded and price called?
Propensity to consume
The negative relationship between the quantity demanded of a commodity and its price can be explained by the principle of?
true
After computing a elasticity demand and it result was negative what does it implies in economic?
The price elasticity of demand should be negative. This is because the relationship between demand and price, according to the law of demand, is negative.
Is a relationship between the price of pies and the number of pies Jacob buys a positive relationship or a negative relationship?
The relationship between the price of pies and the number of pies Jacob buys is typically a negative relationship. As the price of pies increases, the number of pies Jacob is likely to buy decreases, assuming his budget remains constant. Conversely, if the price decreases, he is likely to buy more pies. This behavior aligns with the law of demand in economics.
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
What is the relationship between price elasticity of demand and the monopolist's revenue?
marginal revenue is negative where demand is inelastic
What type of relationship positive or negative would you expect between the price of music videos and the sales of music videos?
positive
What is the Relationship between price waterhouse cooper and TD waterhouse?
no relationship between td waterhouse and price waterhouse
What is the relationship between a normal good and its elasticity?
The relationship between a normal good and its elasticity is that the elasticity of demand for a normal good is typically negative. This means that as the price of the good increases, the quantity demanded decreases, and vice versa. The elasticity of demand measures how responsive consumers are to changes in price.
What describes the relationship between one set of data that decreases as another set of data increases?
The relationship between one set of data that decreases as another set of data increases is described as an inverse or negative correlation. In this scenario, when the values of one variable rise, the values of the other variable fall, indicating that they move in opposite directions. This type of relationship can be observed in various contexts, such as the relationship between supply and price or the relationship between demand and price.
What is the subject in this sentence - According to the law of demand a negative relationship exists between the price of a good and the quantity demanded?
The grammatical subject is "relationship.""According to the law of demand" is a sentence modifier and should have a comma after it.The main verb is "exists," and its grammatical subject is "relationship." "Negative" is an adjective that modifies "relationship."The rest of the sentence, from "between" to the end, is a prepositional phrase with two objects--"price" and "quantity"--and several modifiers. The whole prepositional phrase is adverbial and modifies "exists."
Demand curve slopes downwards from left to right. this is the negative slope that shows the inverse relationship between price and demand. explain why does the demand curve slope downwards?
because demand decreases as price increases :)
