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If the Price of Apple Pies Rose to $100 Per

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If the price of apple pies rose to $100 per pie,consumers would purchase fewer pies than if the price were $5 per pie.If the price of ice cream fell to $0.30 per scoop,consumers would purchase more ice cream than if the price were $5 per scoop.These relationships illustrate the


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Scores

Quantitative assessments that represent the outcomes or achievements of individuals based on performance or measurement criteria.

Variance

A measure of the dispersion of a set of data points around their mean value, demonstrating how spread out the data points are.

Standard Deviation

An indicator of the spread or variability among a set of numbers, showing the degree to which these numbers vary from their average.

Unbiased Estimates

Statistical estimates or predictions that are accurate on average over a number of samples.

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