question
A negative relationship between variables exists when
answer
one variable increases while the other variable decreases.
question
When a demand curve shifts, the slope of the curve remains the same.
answer
true
question
On a demand curve, an increase in the price of a good will
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cause a decrease in the quantity demanded.
question
A decrease in a consumer's income causes his demand curve to
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shift inward.
question
If one variable increases when another one increases, then we say that the two variables are
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directly related.
question
When the demand curve shifts, the intercept remains the same.
answer
false
question
Given the equation for a linear function, y = a + bx, which term represents the intercept?
answer
a
question
Consider the equation of linear function y = −4 + 7x. If it were graphed, the intercept would be
answer
−4.
question
Given the equation for a linear function, y = 20 + .67x, what is the value of y when x is zero?
answer
20
question
A shift in the demand curve
answer
shifts the whole demand curve inward or outward.
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