Histograms and Bar Graphs Are Two Ways of Displaying a ____________

question 110

Multiple Choice

Histograms and bar graphs are two ways of displaying a ____________.

• A) frequency distribution
• B) normal distribution
• C) measure of central tendency
• D) standard deviation

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Definitions:

Inelastic

Describing a situation where the demand or supply for a product does not significantly change in response to a change in price.

Excise Tax

A tax levied on specific goods, services, or transactions, often with the aim of reducing their consumption.

Producer Surplus

The distinction between the acceptable selling price for producers of a good or service and the actual price achieved.

Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.