Using the relationship between the price of a visit to a physiotherapist and the quantity of visits demanded

Using the relationship between the price of a visit to a physiotherapist and the quantity of visits demanded, define and distinguish among the direction, the slope, and the position of an economic relationship.

 

 

answer:
The economic relationship between the price of a visit to a physiotherapist and the quantity of visits demanded is downward sloping from left to right as shown in the figure below. This demand curve id downward sloping because the higher the price charged, the lower will be the visits demanded by the consumer and vice versa.

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