Example of negative correlation is________________.

relationship between price and supply of a commodity

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relationship between price and demand for a commodity

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relationship between income and saving

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relationship between income and consumption

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Solution

The correct option is B relationship between price and demand for a commodity
Relationship between price and commodity is an example of negative correlation as increase in the price of a commodity leads to a decrease in the quantity of a commodity i.e. both the variables move in an opposite direction.

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Price (₹)	10	14	12	11	9	7	15	16	18	20
Quantity (kg.)	25	20	30	32	35	40	19	16	12	10

Explain the relationship between the following:

(i) Prices of other goods and demand for the given goods

(ii) Income of the buyers and demand for a good

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