A Higher Rate Is MOST Likely to Decrease the Amount

question 74

Multiple Choice

A higher rate is MOST likely to decrease the amount of revenue that the government collects from an excise tax if demand is _____ and supply is _____.

• A)elastic;elastic
• B)elastic;inelastic
• C)inelastic;elastic
• D)inelastic;inelastic

Understand the upgrade capabilities of all-in-one computers.

Describe various types of connections to a desktop PC front panel.

Compare the energy efficiency ratings of different power supplies.

Understand the implication of visual icons and messages in Device Manager.

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Definitions:

Sum of Squares

is a statistical technique used to measure the dispersion or variability within data points.

Forecast Accuracy

The degree to which forecasted values approach the actual realized values.

Mean Absolute Deviation

The average of the absolute differences between each value in a set of values and the mean of the set, used to quantify variability.

Sum of Squares

A statistical technique used to describe the amount of variation or dispersion of a set of data points.