A(n) ____ Chart Plots Numeric Values on Both the X-

question 81

Multiple Choice

A(n) ____ chart plots numeric values on both the x- and y-axes based on the value of the data.

• A) X Y (Scatter)
• B) line
• C) column
• D) bar

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved.

Tax

A financial charge or levy imposed by a government or other authority to fund public expenditures.

Tax Burden

The measurement of how much of a tax's economic weight falls on an individual or economic entity, including both the direct and indirect effects.

Consumers

Individuals or groups who use goods and services generated within the economy, contributing to demand.