Question: A downward sloping curve indicates a positive relationship between the two variables: A. true B. false When the two variables move in the opposite direction,

A downward sloping curve indicates a positive relationship between the two variables:

A. true

B. false

When the two variables move in the opposite direction, it indicates that the relationship between the two variables is:

A. directly related.

B. inversely related

The slope of the demand curve is -1/2. Which of the following answers are incorrect?

A. for every 2 units increase in price, the quantity demanded of this commodity decreases by 0.5 pesos..

B. for every P2 increase in price, the quantity demanded decreases by 1 unit.

C. for every increase in price by P1, the quantity demanded decreases by 0.5 units.

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