Which of the Following Are Required Conditions for the Distribution $\le$

question 110

Multiple Choice

Which of the following are required conditions for the distribution of a discrete random variable X that can assume values x_i?

• A) 0\(\le\) p(x_i)\(\le\) 1 for all x_i
• B) \[\sum _ { \text {all } x _ { 1 } } p \left( x _ { i } \right) = 1\]
• C) Both a and b are required conditions.
• D) Neither a nor b are required conditions.

Understand the effects of taxes on imported goods and their implications for domestic markets.

Analyze the impact of price controls, such as ceilings and floors, on market equilibrium.

Identify and understand methods of nonprice rationing in the market.

Recognize the role of supply and demand in setting market prices and quantities.

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