Question

Suppose when the price of hybrid automobiles​ rises, consumers buy fewer hybrid automobiles. this implies that

a.there is a negative relationship between hybrid automobile prices and quantities purchased by consumers.b.there is a direct relationship between hybrid automobile prices and quantities purchased by consumers.c.there is a positive relationship between hybrid automobile prices and quantities purchased by consumers.
d.there is a oneminus−tominus−one relationship between hybrid automobile prices and quantities purchased by consumers.

Answer 1

Suppose when the price of hybrid automobiles​ rises, consumers buy fewer hybrid automobiles. this implies that "there is a negative relationship between hybrid automobile prices and quantities purchased by consumers" (A).

A negative relationship implies that there is a backwards connection between two variables- when one variable reductions, alternate increments. The other way around is a negative connection as well, in which one variable increments and alternate decreases.