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Let x be the price of a new car. Let n be the number of people willing to buy the car at price x. As the price of the car goes from $12,500 to $13,700, fewer people will be willing to buy the car. Choose the graph that shows the relationship between x and n.

Let x be the price of a new car. Let n be the number of people willing to buy the-example-1

2 Answers

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The graph in A shows the relationship that exists between x and n

What is the relationship shown here

The relationship between the price of a new car (x) and the number of potential buyers (n) shows that as the car's price increases from $12,500 to $13,700, fewer people are willing to purchase it. This indicates an inverse relationship: higher prices lead to a decrease in the number of buyers.

This is in agreement with the law of demand that says that as the price of a normal good rises, fewer people would be able to buy that item

The graph of A shows the relationship between x and n.

User Mark Munene
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4 votes

As the price of the car increases, the number of people
willing to buy it decreases.

The line in the first graph ' A ' is doing that.

User Ebony
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6.3k points