Economy, asked by akshitmodi86, 9 months ago

the supply curve is the locus of price quantity combination which have a.negative correlation
b. positive correlation
c. no correlation

Answers

Answered by Vaishnavimewati

Answer:

Correlation coefficients are indicators of the strength of the relationship between two different variables. A correlation coefficient that is greater than zero indicates a positive relationship between two variables. A value that is less than zero signifies a negative relationship between two variables. Finally, a value of zero indicates no relationship between the two variables that are being compared.

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