Historical Data on Prices and Quantities Sold Do Not Provide

question 2

Multiple Choice

Historical data on prices and quantities sold do not provide the basis for drawing an accurate demand curve because

• A)reporters who gather these data are often wrong.
• B)factors other than price may change over time.
• C)they do not include measures of price close to the quantity axis.
• D)they sometimes tend to be clustered around one point.

---

Definitions:

Balance Budgets

Financial planning or policy aimed at ensuring that revenue equals or exceeds expenses, to avoid deficits and maintain fiscal health.

Physical Limitations

Constraints on an individual’s physical capacity, which can impact their ability to engage in various activities or tasks.

Polio

Polio, also known as poliomyelitis, is an infectious disease caused by the poliovirus that can lead to paralysis and even death, particularly in children.

Unflattering Photograph

A picture that does not present the subject in an attractive, ideal, or complimentary manner.