A Line Chart

question 21

Multiple Choice

A line chart

• A) separates one or more pie slices from the rest of the pie chart.
• B) shows each data point in proportion to the whole data series as a slice in a circular pie.
• C) emphasizes magnitude of changes over time by filling in the space between lines with a color.
• D) uses a line to connect data points in order to show trends over a period of time.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded, resulting in market stability.

Tax Levied

A compulsory financial charge or a type of fee imposed by a governmental organization upon individuals or entities to fund government spending and various public expenditures.

Deadweight Loss

A reduction in economic productivity that arises when a good or service does not reach or cannot reach its market equilibrium.

Administrative Burden

The administrative and regulatory obligations that organizations must follow, often involving substantial paperwork and compliance efforts.