If a Chart Is Supposed to Show Store Sales Over

question 74

True/False

If a chart is supposed to show store sales over a period of three years, but the Y-axis is labeled Sales (US dollars) and the X-axis is labeled Store Locations, an error of format was made in creating the chart.

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Definitions:

Supply Curve

A visual chart that illustrates how the price of an item affects the amount of the item that sellers are prepared to offer.

Inferior Good

A product whose demand decreases as consumers' income levels increase, opposite to normal goods.

Income Rises

An increase in the amount of money received by individuals or households, often measured on an annual basis.

Complementary Goods

Products or services that are often used together, where the increase in demand for one leads to an increase in demand for the other.